The Romanian Ministry of Public Finance has raised capital through three public government bond issuances
August 2020 — 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.
Our role in the transaction
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.
Talk to the deal team
Related deals
Bolster Investment Partners has secured debt financing for the acquisition of Royal Taste Company
Bolster Investment Partners has partnered with Royal Taste Company, a leading Dutch custom signature coffee platform offering end-to-end sourcing, blending, roasting, packaging and delivery services. The partnership marks an important next step in Royal Taste Company’s growth trajectory, focused on further geographical expansion, commercial development and selective strategic acquisitions.
Learn moreVerdane has completed the acquisition of Augmentum Fintech
Following the acceptance of its offer and subsequent shareholder approval, Augmentum Fintech plc has been acquired by Verdane Advisors AS.
Learn moreBerner Group has completed a US$23.4 million private credit financing
Berner Group has successfully closed a US$23.4 million secured private credit facility to fund the repositioning of a former rehabilitation clinic into a student housing scheme in the Rhine-Main region of Germany. The financing was provided by a private debt fund, and structured across three tranches to address the specific requirements of the transaction, including the refinancing of existing bank facilities, funding of capital expenditure and operating costs during lease-up and a conditional tranche linked to the completion of fire safety and remediation works. The deal was structured with a comprehensive security package comprising a first-ranking land charge, share pledge and subordination agreements with existing lenders. Approximately 1% cash equity was contributed by the sponsor, reflecting the strength of the underlying asset and business plan.
Learn more