BUCHAREST: Romania tapped foreign markets for 3.3 billion euros ($3.61 billion) worth of five- and ten-year Eurobonds on Tuesday and Finance Minister Florin Citu said the ministry will consider foreign issues again later this year pending market conditions.
Romania sold 1.3 billion euros worth of five-year Eurobonds at 305 basis points over mid-swaps and 2 billion euros worth of 10-year Eurobonds at 375 basis points over mid-swaps, Refinitiv news and market analysis service IFR said.
Asked whether Romania, which is rated an investment grade Baa3 by Moody's and BBB- by Fitch Ratings and S&P all with Negative outlooks will consider further issues this year, Citu told Reuters "Yes, if conditions look good."
The finance ministry raised its 2020-2022 eurobond issuance ceiling by 10 billion euros in March. Its foreign issuance target for the year is 6 billion euros. In addition to Tuesday's tender, debt managers tapped 3 billion euros worth of 2032 and 2050 Eurobonds in January.