Romania Sells RON249.4M In 10-Year Bonds, Yield Up To 3.26%

08.10.2015 By Bogdan Neagu

Romania’s Finance Ministry on Monday raised a lower-than-planned 249.4 million lei (EUR56.5 million) in a reopening of a ten-year bond due June 2021, with the average yield rising to 3.26% a year.

The bond, which was launched in May 2011, was last reopened in April, when the ministry raised RON200 million at an average yield of 2.7% a year. The ministry tried to sell bonds from this issue in June and July, but scrapped the tenders due to unfavorable yield environment.

Book orders at Monday auction amounted to just RON399.4 million and the maximum accepted yield was 3.29%, central bank data showed. The issue will be reopened tomorrow in a bid to raise RON45 million at a supplementary non-competitive sale.

The ministry plans to sell about RON2.6 billion in state treasuries in August, similar with the plan for the previous month.

finance ministry
, treasury
, bonds

Please fill all required fields!

Your comment was successfully added!

Comments will appear only after the moderation.