Romania Taps International Markets For Funding as Higher Deficit Looms

According to BNN Bloomberg, Romania seeks to raise about €3 billion ($3.2 billion) on international markets, tapping foreign debt investors for a third time this year and exceeding its borrowing goal as the country is likely to need more funds to finance a bigger budget deficit.    The Balkan nation is expected to finalize the sale of euro-denominated bonds due 2028 at a final spread of 225 ...

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