eurobond

Fitch Ratings Friday assigned Romania's 5-year EUR1 billion sovereign bond the ‘BB+’ rating, in line with the country’s foreign currency rating ‘BB+’, which has a stable outlook.

Romania sold five-year euro-denominated bonds worth EUR1 billion at an annual yield of 5.17%, 268 basis points above the mid-swap rate, a Finance Ministry official said Thursday.

Romania’s planned eurobond issue of EUR1 billion is not a deviation from the nation’s financing agenda for 2010 and its main purpose is to finance the budget gap and tap into additional markets, Finance Minister Sebastian Vladescu said Wednesday.

Ministrul de Finanţe, Sebastian Vlădescu, a declarat, marţi, că România intenţionează să emită eurobonduri în valoare de 1 miliard de euro, iar termenul avut în vedere este primul trimestru.