Romanian BRD to issue 600 mln euros debt in 2009-10

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BUCHAREST, April 29 | Wed Apr 29, 2009 7:48am EDT

BUCHAREST, April 29 (Reuters) - Romania's second largest bank BRD BRDX.BX, controlled by France's Societe Generale (SOGN.PA), plans to issue debt worth of 600 million euro ($792 million) this year and next, the company said on Wednesday.

"(We) approved ... to issue bonds during the 2009-2010 period of up to 600 million euros worth of lei or another currency," BRD said in a statement after the general shareholders' meeting.

It also said it approved paying a gross dividend of 0.72828 lei ($0.228) for 2008, up 23 percent from a year before. (Reporting by Marius Zaharia; Editing by Dan Lalor) ($1 = 0.7579 euro) ($1 = 3.190 lei)

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