Romania returns after strong year of issuance
Romania this week returned to the international debt markets to issue euro-denominated bonds.
Romania, rated Baa3/BBB-/BBB-, sold a Reg S/144A dual tranche €3.5bn bond on Wednesday.
It set initial price thoughts of 225bp over mid-swaps on an April 2033 tranche and 265bp over mid-swaps on an April 2041.That was tightened to final reoffer spreads of 195bp over and 235bp over. Coupons ...