BUCHAREST (Reuters) – Romania’s Finance Ministry has raised its Eurobond issuance ceiling to account for indicative international debt plans price 9.5 billion euros ($10.4 billion) from April till December 2024, treasury chief Stefan Nanu stated.

However Eurobond targets may very well be downsized given sturdy home demand, he instructed Reuters.

The ministry raised the utmost quantity the ministry might borrow via its medium time period be aware programme (MTN), a non-binding international debt issuance plan that enables debt managers to faucet markets via standardised paperwork.

The ministry offered international points price 55.6 billion euros throughout 2012-2023, almost tapping out the MTN’s present prime worth of 56 billion euros. The ministry has raised it by 6 billion euros, including international points price 4.6 billion euros will mature this yr and in 2024.

“The MTN programme is a ceiling, it provides us flexibility to subject, however we do not have to totally execute,” Nanu stated. “It’s potential we’ll lower Eurobond issuance contemplating the best way home funding goes.”

($1 = 0.9133 euros)