Romania's Finance Ministry raised RON825.4 million from banks on Thursday (November 9), RON225.4 million more than the planned RON600 million, selling bonds due in October 2033, at an annual average yield of 6.87%.
Fondul Proprietatea (FP.RO) has received the approval of the Financial Supervisory Authority (ASF) to amend the tender offer documentation and increase the number of shares it seeks to buy back from 670 million to 1.67 billion.
Telekom Romania Mobile’s total revenue shrank 7.4% to EUR71.1 million in the third quarter of 2023 compared with the year-ago period, while adjusted EBITDA was 63.5% lower, EUR4.6 million compared with EUR12.6 million in 2022, data from Greece’s OTE, which owns the company together with Germany’s Deutsche Telekom, show.