April 4, 2014 / 10:12 AM / 4 years ago

Romania hires banks for euro bond

LONDON, April 4 (IFR) - Romania has hired four banks to lead manage a euro-denominated bond, according to several market sources.

The sovereign, rated Baa3/BB+/BBB-, has mandated Citigroup, ING, Societe Generale, and UniCredit to arrange the sale.

The banks declined to comment.

The country tapped the US dollar market earlier this year, raising US$2bn through the issuance of 10- and 30-year notes.

It was last in the euro market in October, when it priced a 500m 4.625% seven-year bond. That note was bid at a cash price of 106.53 to yield 3.47% as of 1000 GMT on Friday, according to Tradeweb data.

Reporting by Sudip Roy and Davide Scigliuzzo; editing by Alex Chambers

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