{"id":1765,"date":"2024-09-20T06:01:03","date_gmt":"2024-09-20T06:01:03","guid":{"rendered":"https:\/\/ofero.news\/?p=1765"},"modified":"2024-09-20T06:01:03","modified_gmt":"2024-09-20T06:01:03","slug":"romania-issues-eur-5-bln-fx-bonds-to-finance-excess-public-deficit","status":"publish","type":"post","link":"https:\/\/ofero.news\/?p=1765","title":{"rendered":"Romania issues EUR 5 bln FX bonds to finance excess public deficit"},"content":{"rendered":"<p>While preparing the first Samurai bonds in the past decade, Romania tapped on September 19 the international bond market by raising the equivalent of EUR 5 billion with three issues denominated in euros (two issues) and US dollars, according to <a href=\"https:\/\/www.zf.ro\/banci-si-asigurari\/ministerul-finantelor-a-imprumutat-joi-5-mld-euro-de-pe-piata-22490958?mc_cid=7db81a74b2&amp;mc_eid=cd1f92f96c\" target=\"_blank\" rel=\"noopener\">Ziarul Financiar<\/a>.<\/p>\n<p>They account for a significant part of the RON 37 bln (EUR 7.5 bln) supplementary public deficit financing prompted by the 1.9%-of-GDP public fiscal deficit slippage from under 5% of GDP to 6.95% of GDP this year.<\/p>\n<p>In the first issue, EUR 2.25 bln denominated in euros with a maturity of 7 years was made at an interest rate of mid-swap plus 2.75 percentage points.<\/p>\n<p>In the second issue, denominated in euros, with a maturity of 20 years, Romania borrowed EUR 750 mln at mid-swap plus 3.5 percentage points.<\/p>\n<p>In the issue denominated in US dollars, Romania borrowed USD 2.10 bln at the interest rate of 10-year US government bonds plus 2.1 percentage points.<\/p>\n<p>Investors&#8217; interest was roughly three times larger than the final size of each of the three issues: EUR 7.2 bln for 7-year bonds denominated in euros, USD 8.5 bln for 10-year US-denominated bonds, and EUR 2.3 bln for 20-year bonds denominated in euros.\u00a0<\/p>\n<p><em>iulian@romania-insider.com<\/em><\/p>\n<p><em>(Photo source: <a href=\"https:\/\/www.dreamstime.com\/\" target=\"_blank\" rel=\"noopener\">Romolo Tavani\/Dreamstime.com<\/a>)<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>While preparing the first Samurai bonds in the past decade, Romania tapped on September 19 the international bond market by raising the equivalent of EUR 5 billion with three issues denominated in euros (two issues) and US dollars, according to Ziarul Financiar. They account for a significant part of the RON 37 bln (EUR 7.5 [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1765","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/1765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1765"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/1765\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}