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Romania Shortlists 10 Bks To Lead EUR500M Eurobond Issue – Sources

Romania’s Finance Ministry shortlisted ten banks in an auction to select the lead manager of a five to ten years Eurobond issue worth at least EUR500 million, people familiar with the matter said Wednesday.
Romania Shortlists 10 Bks To Lead EUR500M Eurobond Issue - Sources
26 aug. 2009, 13:07, English

The Eurobond issue could be worth as much as EUR1.5 billion and is due in the coming months or early next year, depending on market conditions.

The preliminary selection sought to choose banks able to cover both domestic and international operations, the quoted sources said.

Romania will use the Eurobond issue to finance its budget deficit and re-finance public debt.

At the latest international debt sale last year, Romania raised EUR750 million in a ten-year Eurobond issue.