Finance Ministry chooses lawyers for the 7bn-euro foreign borrowing programme today

Today, at 12:30 hours, the Finance Ministry is to open the sealed envelopes containing the technical and financial bids sent by law firms interested in the three-year legal assistance contract for the programme of medium-term note issues on international markets worth as much as 7bn euros.

Such a contract sealed with a European state is appealing for law firms primarily from “image” reasons.
The borrowing programme is likely to be launched in the second half of October, being the first one of this type used by Romania to fund its budgetary gap.
The selection organised by the Finance Ministry for legal assistance was opened to domestic and foreign specialised firms, which could also file bids as part of a consortium. The deadline for entering the race expires today at 12:00 and the participants can subsequently attend bid opening.
The Finance Ministry started lawyer selection almost one month after having chosen Erste Group and Societe Generale banks to handle the foreign borrowing programme.