IFLR1000

City of Bucharest ROL2.2 billion bond issue

5/5/2015
Investment grade bond/note issue
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ROL 2.2 billion

$ 519.236 million

Completed

5/5/2015

Overview:

  • The City of Bucharest has undertaken a ROL2.2 billion bond issue.
  • The deal represents the largest financing to date ever obtained on the local capital markets.
  • The bond programme consists of four tranches of 3, 5, 7 and ten year bonds issued on the Bucharest Stock Exchange.
  • Raiffeisen Bank and BT Securities acted as intermediaries.

Sam Duke - Editor

Jurisdiction:

Romania

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Industry sector:

Government and public policy

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