Romania attracted yesterday EUR 2 billion via two Eurobond issues on the international markets, two times more than the planned amount, as the total demand was over EUR 3 billion.

The country sold 20-year euro-denominated bonds worth EUR 750 million at 245 basis points above the mid-swap rate, which is currently just under 1%, and 10-year bonds worth EUR 1.25 billion at 190 basis points above mid-swaps. The 20-year maturity is the longest that Romania has offered so far, reports local Mediafax.

The yield on Romania’s 2024 Eurobonds hit a record high in June (3.03%) due to the tensions related to Greece, and have fallen back afterwards, reaching 2.67% on Wednesday.

The two Eurobond issues were the Government’s first without the protection of the International Monetary Fund safety net since 2009. Romania’s loan agreement with the IMF ended in September this year. Citigroup, HSBC, Raiffeisen Bank International and UniCredit have managed the bond sale.

editor@romania-insider.com