Romania on Track to Complete FX Debt Sale Plan With Euro Deal
- Government offering euro notes due in 2032 and 2037 Tuesday
- Romania has already raised over $8 billion in FX debt in 2024
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Romania is getting close to completing its foreign debt sale plan for the year with a new Eurobond sale as the risk of a wider-than-expected budget deficit is expected to boost funding costs.
The Balkan nation, which has already raised over $8 billion in dollar and euro-denominated notes from international markets this year, is offering bonds due 2032 and 2037 at an initial guidance in the area of 285 basis points over mid-swaps for the shorter-dated debt and in the 320 basis points area for the longer dated ones, according to a person familiar with the matter, who asked not to be identified because they’re not authorized to speak about it.