The municipality of Bucharest attached a 7.33% coupon to the 7-year bonds issued to refinance the RON 555 mln issue, mayor Nicusor Dan announced, quoted by News.ro.

The investors placed offers summing up to twice the target issue of the bond, he said, adding that the cost of the borrowing is "very good" for the municipality, given the market conditions.

"I thank the investors for their confidence in the future of Bucharest and in its potential to grow. I thank the partners from BRD and Raiffeisen Bank for facilitating the issuance of bonds," he added.

(Photo: Nicusor Dan Facebook Page)

andrei@romania-insider.com