Romania increased ceiling on foreign government securities to 18 billion EUR

Noam Stiekema

The Romanian Government increased the maximum amount of potential issues of government securities in international capital markets for 2014 and 2015. The increase is with 3 billion EUR, as now the ceiling for issue of government securities in international capital markets reached 18 billion EUR. The initial plans of the government in Bucharest had to […]

Romania

RomaniaThe Romanian Government increased the maximum amount of potential issues of government securities in international capital markets for 2014 and 2015. The increase is with 3 billion EUR, as now the ceiling for issue of government securities in international capital markets reached 18 billion EUR. The initial plans of the government in Bucharest had to raise up to 15 billion EUR from the markets in 2015 and 2016 emissions will not necessarily be in EUR currency, reads statement of the Romanian Government.

The medium-term program of securities issue is non-binding plan to sell the bonds through which the Ministry of Finance of Romania will receive funds from foreign investors.

The same contract made also the Bulgarian government. Four banks will manage global medium-term program of the country to issue bonds worth up to 8 billion EUR.

Furthermore, the Romanian government removed the term “medium” by the name of the program because Romanian law interpreting it one way, and international – in another. Earlier this month the Romanian debt managers have requested offers from banks for future Eurobond issue for which government is no specific deadline to be disposed.

Read this next

Chainwire

Velocity Labs and Ramp Network facilitate fiat to crypto onramp on Polkadot via Asset Hub support

Velocity Labs is proud to announce a fiat to crypto onramp using Ramp Network through the integration of Asset Hub. Through it, Ramp will be able to service any parachain in the Polkadot ecosystem.

Executive Moves

INFINOX hires Mayne Ayliffe as Global Head of HR

“I look forward to working with our teams around the world to develop a strategic HR agenda that supports high performance and is centred on human motivation.”

Fintech

Sterling to provide risk and margin support for fixed income

“Firms must have the tools to effectively manage their risk across all asset classes. As yields rise, we see more exposure from clients in the fixed income space. We understand their need to measure and mitigate risk in a highly regulated environment.”

Retail FX

FXOpen launches HK share CFDs: Tencent, Alibaba, Xiaomi, Baidu

Hong Kong share CFDs will be commission-free for a limited period of time.

Retail FX

IronFX Celebrates an Award-Winning Start to 2024 with a Series of Industry Recognitions

IronFX, a global leader in online trading, has embarked on 2024 with a spectacular display of accolades that highlight its commitment to excellence and innovation in the competitive financial services sector.

Industry News

FIA urges CFTC to regulate use cases rather than AI itself

“We urge the CFTC to refrain from crafting new regulations that generally regulate AI because this approach presents certain well-known pitfalls. By approaching the issue from the perspective of AI as a technology, rather than the use case for the technology, corresponding regulations would likely necessitate a definition of AI. We anticipate that any attempt to properly define AI would be very challenging and require considerable resources.”

Education, Inside View

The Power of Public Relations in Finance: Shaping Perceptions & Building Reputation

It’s safe to say that the finance industry has faced its share of reputation crises over the years, from the 2008 financial collapse to the many scandals around irresponsible lending, political corruption, and even Ponzi schemes. 

Digital Assets

Crossover’s crypto ECN executed over $3 billion in Q1 2024

“Our growth is also driving continued increases in the percentages of trades that are ‘Order Crossing Order’ (OXO). Currently, roughly 10% of all trades executed on CROSSx are OXO, another differentiator in our platform’s capacity. This capacity and our unique execution model provide value to both the market maker and taker, as evidenced by our commercial model.”

blockdag

BlockDAG’s Explosive Presale Hits $20.3M In April Swaying Investors From XRP’s Price Trends Upward, & Polygon’s NFT Market

Learn about BlockDAG’s impressive $20.3M presale results, XRP’s price increase prospects, and the booming NFT market on Polygon among the top 10 cryptocurrencies.

<