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Romania BRD plans to issue bonds worth 600mn euros

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The debt issues may be denominated in the local leu currency or other hard currencies. BRD also said it will pay a pre-tax dividend of 0.17957 lei per share for 2010.

Payment of a dividend for 2010 was to be decided by shareholders, CEO Guy Poupet said in a Reuters interview in March, adding the bank had previously paid dividends and aimed to make a profit for its shareholders.

BRD, controlled by French bank Societe Generale, posted a smaller than expected 2010 net profit due to provisions made for bad loans.

Copyright Reuters, 2011