UBS, Credit Suisse and EFG mediating state bonds worth €500 mln

International lenders UBS (Union Bank of Switzerland), Credit Suisse First Boston and EFG Eurobank were selected as mediators for a Romanian bond issue on international markets, worth some €500 million, scheduled for next year. The Economy and Finance Ministry plans to borrow €500 mln to €1 billion by way of a bond issue with 10 years maturity. A large portion of these funds are to be used to cover several external loans has been granted, coming due next year.

The banks have accepted a fee of 0.04 percent of the bond issue value.