Financial Advisory Firm

Romania: $150M Voluntary Debt Exchange

Government of Romania, $150 Million Voluntary Debt Exchange. MNS was engaged by the Government of Romania to prepare a defense against the accelerated redemption of its premier Eurobond, issued on behalf of its state-owned electrical utility, triggered by the Russian default on its short term debt. A voluntary $150 million debt exchange replaced the old bonds with new securities with similar terms but absent the troublesome redemption features.