Wednesday, September 9, 2009

Romania picks 3 managers for 5-yr Eurobond issue

BUCHAREST, Sept 8 (Reuters) - Romania has chosen Deutsche Bank, EFG Eurobank and HSBC as lead managers for a planned Eurobond issue worth up to 1.5 billion euros, the finance ministry said on Tuesday.

The ministry has a government mandate for a Eurobond worth between 500 million euros and 1.5 billion, with a maturity range of 5-10 years.

The ministry has said Romania will be ready to issue the Eurobond at any time from September, but that it could postpone it until early next year if market conditions were unfavourable.
The European Union state launched its first Eurobond in five years in June 2008. The country is rated below investment grade by two ratings agencies.

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