Romania: bonds

In Romania, government debt management (issuance, redemption, interest payments, etc.) is handled by the Ministry of Public Finance (MPF).

Outstanding of government securities issued on domestic market, end of April 2013: 107.4 bln Ron. Outstanding government securities, EUR denominated: 5.50 bln EUR. Outstanding government securities, USD denominated: 3.75 bln USD. Romania has six international bonds outstanding with maturities of 5, 7 and 10 years.

The National Bank of Romania (NBR), acting as the agent of the Ministry of Public Finance (MPF), is in charge of the management of primary for government securities in dematerialised form, in both national and foreign currencies, on the domestic market.

Outstanding bond issues

Сurrency Outstanding bond issues Cumulative volume
sovereign
RON 36 134 965 028 000
EUR 11 16 693 700 000
USD 4 5 750 000 000
municipal
RON 39 3 310 536 400
corporate
RON 11 3 923 350 000
EUR 4 1 305 000 000

Sovereign rating

Rating AgencyRatingRating scaleDate
RIA Rating *** Sovereign ratings ***
Dagong Credit *** International scale rating (foreign curr.) ***
Dagong Credit *** International scale rating (local curr.) ***
Organisation for Economic Co-operation and Development (OECD) *** Country Risk Classifications ***
Moody's Investors Service *** LT- foreign currency ***
Moody's Investors Service *** LT- local currency ***
S&P Global Ratings *** Foreign Currency LT ***
S&P Global Ratings *** Local Currency LT ***
Fitch Ratings *** LT Int. Scale (foreign curr.) ***
Fitch Ratings *** LT Int. Scale (local curr.) ***
National Rating Agency *** Global scale ***
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Latest bond issues

issue ISIN coupon volume end of placement maturity date
Globalworth Real Estate Investments, 2.875% 20jun2022, EUR - International bonds XS1577957837 2.875% 550 000 000  EUR 06/12/2017 06/20/2022
Romania, 2.375% 19apr2027, EUR - International bonds XS1599193403 2.375% 1 000 000 000  EUR 04/11/2017 04/19/2027
Romania, 3.875% 29oct2035, EUR - International bonds XS1313004928 3.875% 2 000 000 000  EUR 04/10/2017 10/29/2035
RCS & RDS, 5% 15oct2023, EUR - International bonds XS1405770576 5% 350 000 000  EUR 10/12/2016 10/15/2023
Romania, 2.875% 26may2028, EUR - International bonds XS1420357318 2.875% 2 000 000 000  EUR 09/28/2016 05/26/2028
Romania, 2.75% 29oct2025, EUR - International bonds XS1312891549 2.75% 2 000 000 000  EUR 02/18/2016 10/29/2025
New Europe Property Investment, 3.75% 26feb2021, EUR - International bonds XS1325078308 3.75% 400 000 000  EUR 11/23/2015 02/26/2021
Romania, 2.875% 28oct2024, EUR - International bonds XS1129788524 2.875% 1 500 000 000  EUR 10/21/2014 10/28/2024
Romania, 3.625% 24apr2024, EUR - International bonds XS1060842975 3.625% 1 250 000 000  EUR 04/15/2014 04/24/2024
Romania, 6.125% 22jan2044, USD - International bonds US77586TAE64 6.125% 1 000 000 000  USD 01/15/2014 01/22/2044

World Bond Market Indicators

Monthly indices

Type May 2017 Apr 2017 Mar 2017 Feb 2017 Jan 2017 Dec 2016 Nov 2016
EU Long-term interest rates
Romania, % 3.75 3.79 3.99 3.96 3.75 3.73 3.56
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World Bond market statistics

Quarterly indices

Type I 2017 IV 2016 III 2016 II 2016 I 2016 IV 2015 III 2015
BIS volume of international-bond market of emerging countries
Romanian international bonds, USD bln 23.200 23.000 21.700 21.600 21.400 20.300 19.800
BIS net issues of international-bond market of emerging countries
International-bond net issue of Romania, USD bln 0.000 2.100 0.000 0.500 0.500 0.900 2.000

Emerging Markets International Bonds

Monthly indices

Type May 2017 Apr 2017 Mar 2017 Feb 2017 Jan 2017 Dec 2016 Nov 2016
Eastern Europe International Bonds Markets
International bonds of Romania, USD bln 23.215 22.677 20.460 20.365 20.645 20.277 20.366
Sovereign international bonds of Romania, USD bln 22.325 21.814 19.616 19.525 19.789 19.443 19.527
Corporate international bonds of Romania, USD bln 0.890 0.862 0.844 0.839 0.855 0.834 0.839
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Currencies

Daily indices

Type: 06/23/2017 06/22/2017 06/21/2017 06/20/2017 06/19/2017 06/16/2017 06/15/2017
Exchange Rates (Emerging Markets)
USD/RON 4.0795 4.1023 4.1173 4.1319 4.1228 4.1005 4.1100
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Credit Risk Indicators

Daily indices

Type: 02/16/2017 02/15/2017 02/14/2017 02/13/2017 02/10/2017 02/09/2017 02/08/2017
CDS Emerging markets (sov.) 
CDS 5Y Romania mid * * * * * * *
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Bonds prices

issue volume maturity date bid prices ask prices
date bid price yield date ask price yield
Romania, 2.75% 29oct2025, EUR   EUR 10/29/2025 05/18/2016 ***.** *.** 05/18/2016 ***.* *.**
Romania, 2.875% 28oct2024, EUR   EUR 10/28/2024 05/18/2016 ***.** *.** 05/18/2016 ***.** *.**
Romania, 3.625% 24apr2024, EUR   EUR 04/24/2024 05/18/2016 *** *.** 05/18/2016 ***.* *.*
Romania, 3.875% 29oct2035, EUR   EUR 10/29/2035 05/18/2016 ***.** *.** 05/18/2016 ***.* *.**
Romania, 4.375% 22aug2023, USD   USD 08/22/2023 05/18/2016 ***.* *.** 05/18/2016 ***.** *.**
Romania, 4.63% 18sep2020, EUR   EUR 09/18/2020 05/18/2016 ***.** *.** 05/18/2016 ***.*** *.*
Romania, 4.875% 22jan2024, USD   USD 01/22/2024 05/18/2016 ***.* *.** 05/18/2016 ***.** *.**
Romania, 4.875% 7nov2019, EUR   EUR 11/07/2019 05/18/2016 ***.* *.* 05/18/2016 ***.*** *.**
Romania, 5.250% 17jun2016, EUR   EUR 06/17/2016 05/18/2016 ***.**** *.** 05/18/2016 ***.**** *.**
Romania, 6.125% 22jan2044, USD   USD 01/22/2044 05/18/2016 ***.*** *.** 05/18/2016 ***.** *.**
Romania, 6.50% 18jun2018, EUR   EUR 06/18/2018 05/18/2016 ***.*** *.* 05/18/2016 ***.** *.**
Romania, 6.750% 7feb2022, USD   USD 02/07/2022 05/18/2016 ***.*** *.** 05/18/2016 ***.** *.*
Banca Comerciala Romana (BCR), 10.3% 22dec2019, RON   RON 12/22/2019 05/18/2016 ***.**** *.** 05/18/2016 ***.**** *.*
New Europe Property Investment, 3.75% 26feb2021, EUR   EUR 02/26/2021 05/18/2016 ***.* *.** 05/18/2016 ***.*** *.**
RCS & RDS, 7.50% 1nov2020, EUR   EUR 11/01/2020 05/18/2016 ***.* *.** 05/18/2016 ***.** *.**
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