Filip & Company assisted the Romanian Ministry of Finance, alongside Linklaters law firm, in a new issuance of bonds in three tranches totalling EUR 4.7 billion.
The first tranche, worth EUR 1.5 billion and maturing on 11 July 2039, has a coupon rate of 6.750%, the second tranche, worth EUR 2 billion and maturing on 16 September 2030, has a coupon rate of 5.750%, while the third tranche, worth USD 1.75 billion and maturing on 16 May 2036, has a coupon rate of 6.625%.
“This transaction, one of the largest sovereign issuances by Romania in recent years, reconfirms our country’s solid access to the international capital markets, as well as investor confidence in Romania’s economic outlook and financial stability. The strong demand and significantly improved financing terms demonstrate that Romania is increasingly being perceived as a stable and credible issuer. We are delighted to have supported the Ministry of Finance in this project once again”, declared Monica Stătescu, partner at Filip & Company.
The Filip & Company team that assisted the Ministry of Finance in this project was formed of Alexandru Bîrsan (managing partner), Monica Stătescu (partner), Andreea Bănică (counsel) and Paola Nardelli (associate).
Over the last years, Filip & Company has been successfully involved in many benchmark transactions on the Romanian capital market, whether they were share or bond offers, as well as in all the bond issues of the Romanian State on the external markets. The Filip & Company lawyers are ranked first in the most prestigious international directories – Chambers and Partners, Legal 500 and IFLR in the Capital Markets practice, both as a team as well as individually, and Alexandru Bîrsan is included in the Legal 500’s “Hall of fame” for this practice area.