Romania accepts tenders for $231.1 million 6¾% notes in one-day offer

By Marisa Wong

Morgantown, W.Va., June 7 – Romania’s Ministry of Public Finance announced it accepted for purchase $231,108,000 of tendered 6¾% global notes due 2022.

As announced earlier on Thursday, Romania offered to purchase for cash some of its $2.25 billion of outstanding 6¾% notes due 2022 in a one-day tender.

The tender offer ran until 9:30 a.m. ET on June 7 for non-preferred tenders and until 10:30 a.m. ET on June 7 for preferred tenders.

Preferred tenders totaled $231,108,000, and all of those tenders were accepted. Non-preferred tenders totaled $57,764,000, but none of those tenders were accepted.

The purchase price is $1,094.50 per $1,000 principal amount, for a maximum purchase amount of $252,947,706, plus accrued interest up to but excluding the settlement date of June 12.

The offer was not conditioned upon any minimum amount of notes being tendered but does require the pricing of a new dollar bond due 2048 expected later on Thursday.

The information agent is Lucid Issuer Services Ltd. (+44 20 7704 0880, 800 495-5148 or https://www.lucid- is.com/romania). The dealer managers are Citigroup Global Markets Ltd. (liabilitymanagement.europe@citi.com or +44 20 7986 8969, 212 723-6106 or 800 558-3745), J.P. Morgan Securities plc (em_europe_lm@jpmorgan.com or +44 20 7134 2468), Deutsche Bank AG, London Branch (+44 20 7545 8011, 212 250-2955 or 866 627-0391), HSBC Bank plc (+44 20 7992 6237, 212 525-5552, 888 HSBC-4LM or liability.management@hsbcib.com) and UniCredit Bank AG (+49 89 378 15581 or liability.management@unicredit.de).

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.