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Romania to Raise 2 Billion Euros in 10, 20-Year Debt

  • Finance Ministry is offering longest-maturity bond yet
  • Citi, HSBC, Raiffeisen, UniCredit acting as sale managers
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Romania is selling 2 billion euros ($2.3 billion) of Eurobonds, following regional peers Poland and Lithuania into the international debt markets and offering its longest-ever maturities in the common currency.

The European Union’s second-poorest nation is offering 20-year euro-denominated bonds at 245 basis points above mid-swaps and 10-year bonds at 190 basis points above mid-swaps, according to a person with knowledge of the offering who isn’t authorized to speak publicly and asked not to be identified. The Finance Ministry is selling 750 million euros of 20-year bonds and 1.25 billion euros of 10-year debt.