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Romania’s new government is preparing to issue its first Eurobond since its “second revolution” in the November election. This time, the issuer is an inexperienced finance ministry which has seized the management of sovereign debt issues from the National Bank. At the Frankfurt roadshow on March 12 for Russia’s Deutschmark issue, two Romanians went unrecognised as they watched from the sidelines. Guided into discreet meetings in a conference ante-room inside Deutsche Bank’s headquarters, the two visitors were introduced to emerging markets specialists at several investment banks. |
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