Filip & Company and Linklaters have assisted Romania's Ministry of Public Finance in its two-tranche Eurobond issuance, which attracted EUR 3.5 billion from international markets. Clifford Chance advised BNP Paribas, Citigroup Global Markets Europe AG, HSBC Continental Europe, Raiffeisen Bank International AG, Societe Generale, and UniCredit Bank AG on the issuance.
The first tranche, of EUR 2 billion, has a maturity of 12 years and a coupon of 2.1%, while the second tranche, of EUR 1.5 billion, has a maturity of 20 years and a 2.77% coupon.
"Romania has once again managed to access the international capital markets in very good conditions for this uncertain period for the entire world economy," said Filip & Company Partner Monica Statescu. "From this point of view, the bond issue confirms the confidence that the Romanian economy enjoys on foreign markets, the interest of investors being high. We are glad that we were able to help as well."
The Filip & Company team that consisted mainly of Statescu, Partner Alexandru Birsan, and Associates Andreea Banica and Lavinia Cazacu.
The Clifford Chance Badea team in Bucharest was led by Counsel Cosmin Anghel. The firm's London office advised on English and American Law aspects.