Head of Treasury: We will be back on foreign markets only under favourable conditions

The Ministry of Economy and Finance will resume the eurobond issues conducted in spring only if conditions on foreign markets – liquidity level and cost of attracting funds – are favourable. “We are monitoring the market trends and we are in permanent contact with the lead managers of the bond issue and with investors so as to be able to take advantage of a window of opportunity, if it arises, although none is foreseeable in the near future,” Stefan Nanu, head of the Treasury told ZF. The Ministry of Finance sold bonds worth 750 million euros on international markets in June, at an average yield of 6.5% a year. The resumption of the bond issue has been brought up again by Finance Ministry Secretary of State Eugen Teodorovici, who recently said the issue could take place in late October or early November.