Saturday, October 19, 2013

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BCR will mediate a bond issue to Transelectrica (TEL), which the company plans to sell bonds with maturities of five years, thus borrowing 200 million (about 45 million). AGM shareholders approved the September 30, a ceiling of 900 million lei (203.1 million euros) bonds in 2013-2017 in both domestic and in foreign currency. They then were decided and features clientserv the inaugural issue of the ceiling. clientserv Thus, the first issue will be 200 million, the bonds will be due on 5-year fixed interest securities are not guaranteed and the program will be listed on the regulated market of BSE. Transelectrica yet announced in late June that it plans to launch in November through a bond issue to borrow 200 million (about 45 million) from institutional investors clientserv to refinance loans for investment financing needs filling. Transelectrica is national power transmission system, and the state through the Ministry of Finance controls 58.69% stake. 13.5% of the Fund's shares, and SIF Oltenia owns 7.11%.
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