Romania

Romania achieved a wafer-thin new issue premium for a €1bn reopening of its May 2028s on Wednesday.

Romania returned to the euro market with a reopening of its May 2028s on Wednesday morning.

Romania was on track to printed a €1bn 12 year euro-denominated note with a 10bp new issue premium in less than ideal market conditions on Thursday.

Romania was on track to print a 12 year euro-denominated note on Thursday having launched the €1bn trade at 225bp over mid-swaps.

A successful listing of state-owned Hidroelectrica could serve as a catalyst for further sales of state-owned assets in Romania, investors believe.

Among the four smallish equity block trades launched in Europe on Tuesday afternoon, after a strong day for stocks, was an important trade in Romgaz, the Romanian state-controlled gas company.

Black Sea Trade and Development Bank (BSTDB) is meeting investors for what would be its first syndicated dollar benchmark trade.

Romania priced euro benchmark taps of its 2025s and 2035s on Thursday evening in London at new issue premiums of 10bp and 16bp, respectively, according to a syndicate official on the deal.

Romania is offering a 20bp new issue premium on taps of its euro-denominated 2025 and 2035 bonds, according to a lead manager on the trade.

Central and eastern European borrowers gathered in Vienna this week for Euromoney’s Central & Eastern Europe Conference and are not short of plans for the capital markets this year.

Romania is set to come to the bond market “sooner rather than later”, said Anca Dragu, the country's Minister of Public Finance on Tuesday. It is likely to print a trade in euros.

Black Sea Trade and Development Bank (BSTDB) on Monday sold the second note from its EMTN programme, after drawing demand from asset managers.