Obbligazione Romannia 2% ( XS1934867547 ) in EUR

Romannia

100 EUR ▲

Romania

XS1934867547 ( in EUR )

2% per anno ( pagato 1 volta l'anno)

08/12/2026

Prospetto opuscolo dell'obbligazione Romania XS1934867547 en EUR 2%, scadenza 08/12/2026

1 000 EUR

1 150 000 000 EUR

Situata nell'Europa orientale, la Romania è un paese con un ricco patrimonio storico e culturale, paesaggi mozzafiato che vanno dai Carpazi al Mar Nero, e una vivace tradizione popolare.

The Obbligazione issued by Romannia ( Romania ) , in EUR, with the ISIN code XS1934867547, pays a coupon of 2% per year.
The coupons are paid 1 time per year and the Obbligazione maturity is 08/12/2026

EXECUTION VERSION
Final Terms dated 1 April 2019
MiFID II product governance / Retail investors, professional investors and ECPs target market Solely
for the purposes of each manufacturer's product approval process, the target market assessment in respect of the
Notes has led to the conclusion that: (i) the target market for the Notes is eligible counterparties, professional
clients and retail clients, each as defined in Directive 2014/65/EU (as amended, "MiFID II"); and (ii) all
channels for distribution of the Notes are appropriate. Any person subsequently offering, selling or
recommending the Notes (a "distributor") should take into consideration the manufacturers' target market
assessment; however, a distributor subject to MiFID II is responsible for undertaking its own target market
assessment in respect of the Notes (by either adopting or refining the manufacturers' target market assessment)
and determining appropriate distribution channels.

ROMANIA
acting through the Ministry of Public Finance
Legal entity identifier (LEI): 315700IASY927EDWBK92
Issue of EUR 1,150,000,000 2.000 per cent. Notes due 2026 (the "Notes")
under the EUR 27,000,000,000
Global Medium Term Note Programme
PART A CONTRACTUAL TERMS
This document constitutes the final terms relating to the issue of Notes described herein. Terms used herein
shall be deemed to be defined as such for the purposes of the Conditions (the "Conditions") set forth in the
Information Memorandum dated 26 March 2019 (the "Information Memorandum"). These Final Terms
contain the final terms of the Notes and must be read in conjunction with such Information Memorandum.
The Notes have not been, and will not be, registered under the United States Securities Act of 1933, as amended
(the "Securities Act") or with any securities regulatory authority of any state or other jurisdiction of the United
States. The Notes may not be offered, sold or (in the case of Notes in bearer form) delivered within the United
States except pursuant to an exemption from, or in certain transactions exempt from the registration
requirements of the Securities Act.
1

Issuer:

Romania, acting through the Ministry of Public
Finance
2

(i) Series Number:

2019-1

(ii) Tranche Number:

1
3

Specified Currency or Currencies:

Euro ("EUR")
4

Aggregate Principal Amount:

(i)
Series:

EUR 1,150,000,000

(ii) Tranche:

EUR 1,150,000,000
5

Issue Price:

99.078 per cent. of the Aggregate Principal
Amount
6

(i) Specified Denominations:

EUR 1,000

(ii) Calculation Amount:

EUR 1,000
7

(i) Issue Date:

3 April 2019

(ii) Interest Commencement Date:

Issue Date
8

Maturity Date:

8 December 2026
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EXECUTION VERSION
9

Interest Basis:

2.000 per cent. Fixed Rate

(further particulars specified below)
10
Redemption/Payment Basis:

Redemption at par
11
Change of Interest or

Not Applicable
Redemption/Payment Basis:
12
Put/Call Options:

Not Applicable
13
Date of approval for issuance of Notes

27 March 2019
obtained by the Ministry of Public

Finance:
14
Method of distribution:

Syndicated
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
15
Fixed Rate Note Provisions

Applicable

(i) Rate of Interest:

2.000 per cent. per annum payable annually in
arrear

(ii) Interest Payment Date:

8 December in each year from and including 8
December 2019 up to and including the Maturity
Date

(iii) Fixed Coupon Amount:

EUR 20.00 per Calculation Amount

(iv) Broken Amount(s):

EUR 13.64 per Calculation Amount

(v) Day Count Fraction:

Actual/Actual (ICMA)

(vi) Determination Dates:

8 December in each year

(vii) Other terms relating to the method of
Not Applicable
calculating interest for Fixed Rate
Notes:
16
Floating Rate Note Provisions

Not Applicable
17
Zero Coupon Note Provisions

Not Applicable
18
Index-Linked Interest Note/other

Not Applicable
variable-linked interest Note Provisions
19
Dual Currency Note Provisions

Not Applicable
PROVISIONS RELATING TO REDEMPTION
20
Call Option:

Not Applicable
21
Put Option:

Not Applicable
22
Final Redemption Amount of each Note:

EUR 1,000 per Calculation Amount
23
Early Redemption Amount:

Early Redemption Amount(s) on event of

Not Applicable
default or other early redemption and/or
the method of calculating the same (if
required or if different from that set out in
the Conditions):
GENERAL PROVISIONS APPLICABLE TO THE NOTES
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EXECUTION VERSION
24
Form of Notes:

Registered Notes:

Unrestricted Global Note Certificate registered
in the name of a nominee for a common
safekeeper for Euroclear and Clearstream,
Luxembourg (that is, held under the New
Safekeeping Structure (NSS))
Restricted Global Note Certificate registered in
the name of a nominee for a common safekeeper
for Euroclear and Clearstream, Luxembourg
(that is, held under the New Safekeeping
Structure (NSS))
25
New Global Note:

Not Applicable
26
New Safekeeping Structure:

Yes
27
Additional Financial Centre(s) or other

Not Applicable
special provisions relating to payment

dates:
28
Talons for future Coupons or Receipts to

No
be attached to Definitive Notes (and dates
on which such Talons mature):
29
Details relating to Partly Paid Notes:

Not Applicable
amount of each payment comprising the
Issue Price and date on which each
payment is to be made:
30
Details relating to Instalment Notes:

Not Applicable
amount of each instalment, date on which
each payment is to be made:
31
Redenomination, renominalisation and

Not Applicable
reconventioning provisions:
32
Consolidation provisions:

Not Applicable
33
Other final terms:

Not Applicable
DISTRIBUTION
34
(i) If syndicated, names and addresses of
Joint Lead Managers
Managers and underwriting Citigroup Global Markets Limited
commitments:
Citigroup Centre
Canada Square
Canary Wharf
London E14 5LB
United Kingdom

Underwriting commitment: EUR 230,000,000

Erste Group Bank AG
Am Belvedere 1
1100 Vienna
Austria

Underwriting commitment: EUR 230,000,000
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EXECUTION VERSION

ING Bank N.V.
Foppingadreef 7
1102 BD Amsterdam
The Netherlands

Underwriting commitment: EUR 230,000,000

J.P. Morgan Securities plc
25 Bank Street
Canary Wharf
London E14 5JP
United Kingdom

Underwriting commitment: EUR 230,000,000

Société Générale
29, boulevard Haussmann
75009 Paris
France

Underwriting commitment: EUR 230,000,000

(ii) Date of Subscription Agreement:

1 April 2019

(iii) Stabilising Manager(s) (if any):

Citigroup Global Markets Limited
35
If non-syndicated, name and address of

Not Applicable
Dealer:
36
Total commission:

0.075 per cent. of the Aggregate Principal
Amount
37
U.S. Selling Restrictions:

Reg. S Compliance Category 1

Rule 144A Eligible
38
Non-exempt Offer:

Not Applicable
39
Additional selling restrictions:

Not Applicable

PURPOSE OF FINAL TERMS
These Final Terms comprise the final terms required for issue and admission to trading on the regulated market
of the Luxembourg Stock Exchange of the Notes described herein pursuant to the EUR 27,000,000,000 Global
Medium Term Note Programme of Romania acting through the Ministry of Public Finance.
RESPONSIBILITY
The Issuer accepts responsibility for the information contained in these Final Terms.

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EXECUTION VERSION
PART B -- OTHER INFORMATION
1
LISTING

(i) Listing:

Luxembourg

(ii) Admission to trading:

Application is expected to be made by the Issuer (or on its
behalf) for the Notes to be admitted to trading on the regulated
market of the Luxembourg Stock Exchange with effect from
the Issue Date.
2
RATINGS

Ratings:

The Notes are expected to be rated:

Standard & Poor's Credit Market Services Europe Limited
("S&P"): "BBB-"

Moody's Investors Service Ltd. ("Moody's"): "Baa3"

Fitch Ratings Limited ("Fitch"): "BBB-"

Each of S&P, Moody's and Fitch is established in the EEA and
registered under Regulation (EU) No 1060/2009, as amended
(the "CRA Regulation").

In general, European regulated investors are restricted from
using a rating for regulatory purposes if such rating is not
issued by a credit rating agency established in the EEA and
registered under the CRA Regulation unless (1) the rating is
provided by a credit rating agency not established in the EEA
but is endorsed by a credit rating agency established in the
EEA and registered under the CRA Regulation or (2) the
rating is provided by a credit rating agency not established in
the EEA which is certified under the CRA Regulation.
3
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE/OFFER

"Save as discussed in "Subscription and Sale", so far as the Issuer is aware, no person involved in the
offer of the Notes has an interest material to the offer."
4
REASONS FOR THE OFFER AND ESTIMATED NET PROCEEDS

(i)
Reasons for the offer:

See "Use of Proceeds" wording in Information Memorandum.

(ii) Estimated net proceeds:

EUR 1,138,534,500
5
YIELD

Indication of yield:

2.132 per cent. per annum

As set out above, the yield is calculated at the Issue Date on
the basis of the Issue Price. It is not an indication of future
yield.
6
OPERATIONAL INFORMATION

(i) CUSIP:

Not Applicable

(ii) ISIN Code:

XS1934867547 (Reg S)

XS1934865251 (144A)

(iii) Common Code:

193486754 (Reg S)
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EXECUTION VERSION

193486525 (144A)

(iv) Issuer LEI:

315700IASY927EDWBK92

(v) FISN:

ROMANIA/ZERO CPNEMTN 20260721

(vi) CFI Code:

DTZXFB

(vii) Any clearing system(s) other
Not Applicable
than DTC, Euroclear Bank
SA/NV and/or Clearstream
Banking
S.A.
and the
relevant identification
number(s):

(viii) Delivery:

Delivery against payment

(ix) Names and addresses of
Citibank, N.A., London Branch
initial Paying Agent(s):
Citigroup Centre
25 Canada Square
London E14 5LB

(x) Names and addresses of
Not Applicable
additional Paying Agent(s)
(if any):

(xi) Intended to be held in a
Yes
manner which would allow
Eurosystem eligibility:

Note that the designation "yes" simply means that the Notes
are intended upon issue to be deposited with one of the ICSDs
as common safekeeper, and registered in the name of a
nominee of one of the ICSDs acting as common safekeeper,
and does not necessarily mean that the Notes will be
recognised as eligible collateral for Eurosystem monetary
policy and intraday credit operations by the Eurosystem either
upon issue or at any or all times during their life. Such
recognition will depend upon the ECB being satisfied that
Eurosystem eligibility criteria have been met.

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Document Outline

#1">PART A … CONTRACTUAL TERMS
#4">PURPOSE OF FINAL TERMS
#4">RESPONSIBILITY
#6">PART B „ OTHER INFORMATION