Filip & Company, working with Linklaters, has advised the Ministry of Public Finance of Romania on a USD 2.4 billion two-tranche bond issue and on early redemption and partial switch of three series of state bonds denominated in USD.
According to Filip & Company, three series of State bonds are "maturing in 2022 (6.750% coupon), 2023 (4.375% coupon), and 2024 (4.875% coupon)."
"The first tranche amounting to USD 1.35 billion has a maturity of more than 5 years, while the second one, of USD 1.06 billion, has a maturity of more than 10 years," according to the firm. "Part of the pre-existing bonds were switched with part of the new series of State bonds having a maturity of more than 10 years."
"The international markets have welcomed the switch and the new bond issues of Romania, just as they did with the other stock market operations of our country over the last years," Filip & Company Partner Monica Statescu commented.
Filip & Company previously advised the Romanian Ministry of Public Finance on EUR 3.5 billion Eurobond issue (as reported by CEE Legal Matters on July 20, 2021), on EUR 3.5 billion Eurobond issue (as reported by CEE Legal Matters on April 22, 2021), on EUR 2.5 billion Eurobond issue (as reported by CEE Legal Matters on December 29, 2020), and on EUR 3.3 billion Eurobonds issue (as reported by CEE Legal Matters on June 1, 2020).
The Filip & Company team included Statescu, Partner Alexandru Birsan, and Associates Andreea Banica and Andrei Anghel.
The Linklaters team, advising on English and US law-related matters, included London-based Partners Ben Dulieu and Pam Shores, Associates Tilak Shah, Jonathan Whitcomb, Josh Rioda, and Ben Battcock, and Trainee Jenna Lee.