News » September, 2012 » 5 September 2012
Romania raises EUR 750 ml in tap of 2018 Euro bond issue
05.09.2012, 09:09 | Finance-Banks | 1040 views
Minister of Public Finance Florin Georgescu announced the successful completion of the tap of its euro-denominated 6.5% June 2018-dated bond issue that replenishes the country’s forex reserves by EUR 750 million. “Today we successfully set the size of the euro-bond issue at 750 million euros, which flow to the Treasury of the Ministry of Finance, which is kept as an account of the National Bank, so this money goes to the country’s foreign exchange reserve … for an interest rate of 5.15% per annum,’ Minister Georgescu told the annual Meeting of Romanian Diplomats. He added that with all this borrowing, Romania is just as credible a state as one year ago. He mentioned that the environment in Romania is favorable for attracting foreign investments and that the government has taken steps to encourage the business milieu. Read more on Financiarul.ro
|
Latest news in category Finance-Banks
NBR governor Mugur Isărescu apparently ignores the fact that banks are refusing to negotiate with their customers and insists, after the passing of the law of giving in payment, that the parties of the loan agreement should negotiate: "Negotiation is the basis of the functioning of the market economy, in the European Union, because that is where we are living. Romania was and has been a loyal partner to the European project and we should not forget that". read more...
The European Central Bank (ECB) pursues its mandate and defends its independence, according to statements of the president of the institution, Mario Draghi, who responded yesterday, to some criticisms coming from several German officials concerning the lax monetary policy of the ECB. read more...
The British pound yesterday saw the biggest decline against the dollar since March 2009, after London mayor Boris Johnson, one of the most popular politicians in the country, said he would start a campaign in favor of the United Kingdom leaving the European Union (Brexit) in the referendum scheduled in June. read more...
|
|
