Filip & Company assists the Ministry of Public Finance in 2.4 billion USD bond issue
Petre Barac
Posted On January 31, 2022
Filip & Company provided legal assistance to the Ministry of Public Finance alongside Linklaters law firm in an early redemption and partial switch of three series of State bonds denominated in USD and maturing in 2022 (6.750% coupon), 2023 (4.375% coupon) and 2024 (4.875% coupon) as well as in the launching of a new USD 2.4 billion 2-tranche bond issue.
The first tranche amounting to USD 1.35 billion has a maturity of more than 5 years, while the second one, of USD 1.06 billion, has a maturity of more than 10 years. Part of the pre-existing bonds were switched with part of the new series of State bonds having a maturity of more than 10 years.
“The international markets have welcomed the switch and the new bond issues of Romania, just as they did with the other stock market operations of our country over the last years. We are glad to have been able to assist once again the Ministry of Finance on this project”, said Monica Statescu, partner at Filip & Company.
The Filip & Company team that assisted the Ministry of Public Finance on this project mainly consisted of Alexandru Birsan (partner), Monica Statescu (partner), Andreea Banica (associate) and Andrei Anghel (associate).
