Current Market Of Government Bonds In Romania: Key Issues
Liliana Bunescu
Abstract
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Liliana Bunescu
Abstract
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The aim of this paper is to analyse the evaluation of the level of development of government bonds market in Romania, current features and tendencies. The analysis refers to basic elements describing the bonds market such as: issuance value, issuer, bonds type, maturity, interest rate, issuance currency, yield, liquidity etc. The Romanian government is favoring a net financing in local currency to facilitate the development of the domestic securities market and to help mitigate foreign currency exposure. The presence in the international capital markets is maintained through issuances of Eurobonds.
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The aim of this paper is to analyse the evaluation of the level of development of government bonds market in Romania, current features and tendencies. The analysis refers to basic elements describing the bonds market such as: issuance value, issuer, bonds type, maturity, interest rate, issuance currency, yield, liquidity etc. The Romanian government is favoring a net financing in local currency to facilitate the development of the domestic securities market and to help mitigate foreign currency exposure. The presence in the international capital markets is maintained through issuances of Eurobonds.
Key concepts: Issuer, Eurobond, Bond, Business, Market liquidity, Maturity (psychological), Bond market, Currency