The Ministry of Finance launched on Friday the first issue of Samurai bonds, in the total value of 33 billion Japanese yen, with firm purchase orders from investors in the total amount of 34.1 billion Japanese yen, the ministry informs in a release."Romania's first issue of Samurai green bonds, on the Japanese capital market, of approximately 200 million euros, enjoyed success among the investors, establishing a bridge between Japanese investors and the Romanian state after a series of discussions with potential future institutional investors in Japan, last year. By issuing the entire transaction in green format, the Ministry of Finance created, on the one hand, an additional attractiveness for these bonds and, on the other hand, ensures the necessary resources for the implementation of strategic projects in the field of combating climate change, objective nationally in accordance with national and international policies. This first issue reflects the confidence of international investors in the prospects of the Romanian economy," said Finance Minister Marcel Bolos, quoted in the press release.The issue was made in three tranches, of which 22 billion Japanese yen with a maturity of 3 years, with a yield of 2.10% per year, 3.6 billion Japanese yen with a maturity of 5 years, with a yield of 2.63 % respectively 7.4 billion Japanese yen with a maturity of 7 years and a yield of 3.14%. The funds obtained from this issue will be settled on October 11, 2024.According to the cited source, the transaction is part of the external financing plan related to 2024, through which the Ministry of Finance aims to ensure the financing needs from foreign markets for this year, as well as the consolidation of the financial reserve in foreign currency at the disposal of the State Treasury. In addition to the mentioned objectives, the transaction on the Japanese market aims to diversify the investment base for the debt instruments issued by the Romanian State, an objective also taken into account through the issuance of green Eurobonds carried out at the beginning of 2024."Taking into account the inaugural character, the issue of Samurai bonds benefited from a diversified investment base both geographically and from the perspective of the types of investors, being allocated to both Japanese and offshore investors. Considering the inaugural character of the issue and taking into account the restrictions of Japanese investors, there is a good granularity of the investment base, in the issue there are purchase orders from both public funds, pension funds, and Japanese and regional investments, as well as from offshore investors. The Ministry of Finance intends to issue frequent Samurai bonds following this successful debut on the Japanese market", state the representatives of the ministry.The transaction was brokered by Daiwa Securities Co.Ltd., Mizuho Securities Co.Ltd., Nomura Securities Co.Ltd. and SMBC Nikko Securities Inc.
President Nicușor Dan has nominated Senate president Ilie Bolojan, a leader of the National Liberal Party (PNL) and former interim president, for the prime minister seat. Dan said Bolojan is “the best person to carry out the needed adjustments in the state administration.” He pointed to Bolojan’s track record with reducing spending, and said he has […]
Balkanik Festival – Home of World Music, set to take place at Uranus Garden between September 5 and September 7, lines up this year artists who "celebrate that form of joy that does not ignore reality, but faces it with beauty, energy, and solidarity," the organizers said. The artists performing in September in Bucharest will […]
The mayor of Timișoara, Dominic Fritz, announced on Friday, June 20, that two new bridges over the Bega River will be built in the city. The bridges will be financed with EU-backed funds worth over RON 130 million. The bridges in question are the Solventul Bridge, which will connect Gării Street to Dâmbovița Boulevard and […]
A Sarmatian necropolis nearly 2,000 years old was discovered after archaeological excavations were carried out at the Mehala II site in the municipality of Timișoara, in western Romania. Researchers discovered 15 inhumation graves, most arranged in rectangular pits with rounded corners, although some no longer retain their original outline, having been disturbed by the passage […]
The George Enescu Philharmonic Orchestra will deliver on June 26 a concert marking Romania Day at the Osaka World Expo. Additionally, the Bucharest-based orchestra will present a series of other concerts and recitals, both within the Romanian Pavilion and outside, at Toyonara Hall in Osaka. The George Enescu Philharmonic Orchestra's concerts will be conducted by […]
Sphera Franchise Group, the largest food service group in Romania, has opened its first Cioccolatitaliani store in the seaside resort of Riccione, in Italy’s Rimini tourist area. This marks the official launch of Sphera Group’s development plan for the premium Italian brand of coffee, gelato, and pastry. Under the plan, it will open four locations […]
