Romania Sells Euro and Dollar Bonds After Budget Reforms

Romania tapped international debt markets for the first time this year to capitalize on improved sentiment after the government pushed through reforms needed to reduce the budget deficit.

The Black Sea nation priced €3 billion ($3.5 billion) of euro notes and $2 billion of dollar bonds on Wednesday, according to a person familiar with the matter who asked not to be identified as they’re not authorized to speak publicly. Total books exceeded $14 billion, the person added.