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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
SSA
PRCD
ROMANI
Republic of Romania€4,500
3EMEA
Nov 2, 2026
currency
EUR
size (m)
1,250.000
maturity
Nov 9, 2030
type
Fixed
tenor
4.000
call
-
registration
144A/Reg S (Cat 1)
benchmark
Swaps
ranking
Sr. Unsecured
moody's
Baa3
s&p
BBB-
fitch
BBB-
size description
-
re-open/tap
No
ipt
MS+210 area
ipt-pxd
-20
guidance
MS+195 area
spread
190
coupon
5.25%
spread set
-
price
99.97900
yield
5.256%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
BAM, CTI, DEU, ING, ...
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
BAM, CTI, DEU, ING, ...
passive leads
-
co-managers
-
coordinating managers
-
currency
EUR
size (m)
2,000.000
maturity
Nov 9, 2034
type
Fixed
tenor
8.000
call
-
registration
144A/Reg S (Cat 1)
benchmark
Swaps
ranking
Sr. Unsecured
moody's
Baa3
s&p
BBB-
fitch
BBB-
size description
-
re-open/tap
No
ipt
MS+310 area
ipt-pxd
-25
guidance
MS+290 area
spread
285
coupon
6.125%
spread set
-
price
99.40300
yield
6.222%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
BAM, CTI, DEU, ING, ...
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
BAM, CTI, DEU, ING, ...
passive leads
-
co-managers
-
coordinating managers
-
currency
EUR
size (m)
1,250.000
maturity
Nov 9, 2038
type
Fixed
tenor
12.000
call
-
registration
144A/Reg S (Cat 1)
benchmark
Swaps
ranking
Sr. Unsecured
moody's
Baa3
s&p
BBB-
fitch
BBB-
size description
-
re-open/tap
No
ipt
MS+360 area
ipt-pxd
-25
guidance
MS+340 area
spread
335
coupon
6.75%
spread set
-
price
99.73500
yield
6.783%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
BAM, CTI, DEU, ING, ...
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
active leads
-
joint leads
BAM, CTI, DEU, ING, ...
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
First Pay: 2027-11-09; Registration: 144A/Reg S (Cat 1); Comments: 144A ISIN: XS3562402191; 144A CUSIP: 356240219; First Pay: 2027-11-09; Registration: 144A/Reg S (Cat 1); Comments: 144A ISIN: XS3562404999; 144A CUSIP: 356240499; First Pay: 2027-11-09; Registration: 144A/Reg S (Cat 1); Comments: 144A ISIN: XS3562405962; 144A CUSIP: 356240596;
Use of Proceeds
4y and 8y: The net proceeds of the issue of the Notes will be used for budget deficit financing and public debt refinancing; 12y: An amount equivalent to the net proceeds of the issue of the Notes will be used to finance and/or refinance Eligible Green Projects (as defined in and as described in the Sovereign Green Bond Framework of the Government of Romania dated December 2023)