Romania Fails To Sell EUR1B Bonds In The US

11.18.2011 By Razvan Voican

The Finance Ministry picked a really bad moment to try to sell bonds on the U.S. market and had to postpone the loan. Romania intended to borrow between $1 billion and $2 billion from the U.S investors via a five-year bond issue, but its plans were upset by the worsening market conditions that led to over 7% yearly interests.

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Keywords:: BONDS; , FINANCE MINISTRY; , CDS

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