EBRD: We will monitor the Romanian capital market

European Bank for Reconstruction and Development will monitor the Romanian capital market, with the possibility of issuing new bonds, said Milena Messori, EIB’s director for Romania at a media briefing occasioned by the inaugural issue of EBRD bonds.

The 115-mln leu bonds issued by EBRD will start trading today at Bucharest Stock Exchange.

“These bonds were placed in an effort to stimulate the Romanian capital market. We will have an issue calendar of other bonds, but only after a close monitoring of the market and a scan of all opportunities emerging”, said Milena Messori, European Investments Bank’s director for Romania said.

The 11,500 bonds will trade under EBRD19 symbol, at a nominal value of 10,000 lei and a coupon of 11.25% maturing in 2019.

The bonds are the first leu-denominated instruments of EBRD and addresses to local and foreign investors through the double listing at BSE and LSE.

To enable a simultaneous trading of EBRD bonds both at BSE and LSE, the Central Depositary has established a connection with the international depository Clearstream Banking Luxembourg.

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