Go to deals
Financial Services

The Romanian Ministry of Public Finance has raised capital through three public government bond issuances

The Ministry of Public Finance has completed the primary offer for the sale of government bonds for the population (FIDELIS), which took place between 15 July and 7 August, through the Bucharest Stock Exchange system. The offer included two issues denominated in the national currency, with two and four years’ maturity, and one issue denominated in euros, with five years’ maturity.

The annual interest rate for the bonds denominated in euros is 2%, while for the bonds in RON is 4% and 4.5% for those maturing in 2022 and 2024 respectively.

Oaklins’ team in Romania was the lead manager of a three-member local consortium, alongside BCR and BRD, and acted as debt advisor and authorized consultant for the government’s bond issuance, assisting the Ministry of Public Finance all the way, from the start to the successful completion and listing of the financial instrument on the Bucharest Stock Exchange. During this process, the team initiated and advised on many aspects, including, among others, maturity, coupon, deal structuring and timing.

Service
Funding, debt advisory & ECM
Parties

Talk to the deal team

 Daniela  Secara

Daniela Secara

Managing Director

Bucharest, Romania
Oaklins BT Capital
 Nina  Pirvu

Nina Pirvu

Managing Director

Bucharest, Romania
Oaklins BT Capital
 Bogdan Andrei Baldovin

Bogdan Andrei Baldovin

Associate

Bucharest, Romania
Oaklins BT Capital

Related deals

Concert Consulting has been acquired by Buck
Private Equity | Business Support Services | Financial Services

Concert Consulting has been acquired by Buck

UK-based pensions and employee benefits communications firm Concert Consulting has been acquired by Buck, the integrated HR and benefits consulting, technology and administration services firm.

Learn more
CML Group (ASX:CGR) has completed a placement
Financial Services

CML Group (ASX:CGR) has completed a placement

CML Group (ASX:CGR) has completed a US$2.5 million placement. The raise was completed at an issue price of US$0.238 (A$0.328) per share to institutional and professional investors. Funds raised will be used to support the company’s cash position to fund growth in its loan book.

Learn more
International Investment Bank has raised capital through a bond issuance
Financial Services

International Investment Bank has raised capital through a bond issuance

International Investment Bank (IIB) has attracted a new round of financing from Romanian institutional investors for the sixth consecutive year. They attracted US$85 million through a bond issuance, with a three years maturity period (due in 2023) and a fixed coupon of 3.393% (RON denominated). The bonds received a 3A rating from Moody's and A- rating from Fitch and S&P.

Learn more