There were ten financial institutions on the Ministry’s short list: Barclays Capital, Citibank N.A., Credit Suisse, Deutsche Bank AG, EFG Eurobank Ergasias SA and Bancpost SA, Erste Bank and Banca Comerciala Romana SA, HSBC Group, ING, Societe Generale, and UniCredit.
According to Bogdan Dragoi, MFP Secretary of State, the eurobond issue could be launched at any time. He did not indicate the value of the issue, but stated that the volume would range from €500 million to €1.5 billion, with a maturity of 5-7 years.
The total amount attracted by Romania in the past seven years from the foreign market through eurobond issues as of 2001 and to 2008, including the capital’s City Hall issue in 2005, amounts to €3.25 billion. The largest amount came last July, worth €750 million, for a period of over 10 years, with annual interest of 6.5 percent. UBS, Credit Suisse and EFG Eurobank brokered the loan.
