Bucharest’s bond issue, oversubscribed by 50%
The Bucharest City Hall’s recent bond issue was oversubscribed by almost 50%, mayor Gabriela Firea said on Thursday, April 26.
The municipality borrowed RON 555 million (EUR 119 million) through a 10-year bond issue to refinance the first tranche of a EUR 500 million bonds issue from 2015. The new bonds pay a yearly coupon of 5.6%.
The bonds started trading on the Bucharest Stock Exchange on Thursday. BCR, BRD and Raiffeisen Bank arranged this transaction for the City Hall.
editor@romania-insider.com
(photo source: Gabriela Firea on Facebook)
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