City of Bucharest ROL2.2 billion bond issue

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