Romania Hurries Eurobond as Erste Sees Post-Election Risk
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Romania is accelerating plans to tap international bond investors as concern builds that sentiment will fray after next month’s presidential election.
The government plans to sell at least 1 billion euros ($1.3 billion) of Eurobonds before the Nov. 2 ballot, Budget Minister Darius Valcov said in an Oct. 14 interview. The sale was previously planned by year-end, according to Oct. 1 comments by the Finance Ministry’s deputy head of Treasury, Diana Popescu.