BUCHAREST Jan 20 The Romanian unit of
Raiffeisen Bank plans to issue 500 million lei ($149.55 million)
worth of five-year bonds in the second quarter, a bank official
was quoted as saying by daily Ziarul Financiar.
The bank sold 225 million lei worth of three-year bonds with
a coupon of 5.5 percent in July 2013.
Earlier this month Romania's central bank surprised markets
by lowering lenders' minimum reserve requirements for
liabilities in both leu and foreign currencies, which will free
up a lot of funds on the market.
"It is true we will have additional liquidity ... but we want
to keep issuing and the five-year maturity is important," said
James Stewart, a bank executive.
($1 = 3.3435 Romanian lei)
(Reporting by Ioana Patran; Editing by Luiza Ilie)