Romania Sells RON1.3B 3-Year Bonds At 6.8% Average Yield
Romania’s Finance Ministry on Thursday sold 1.3 billion lei (EUR299 million) in three-year bonds, above the planned amount, at an average yield of 6.79% a year, lower than at the previous auction.
The ministry planned to raise RON750 million at Thursday’s auction. Banks offered RON2.78 billion, but the ministry rejected all yields above 6.8% a year.
At the latest similar auction January 12, the ministry sold RON917 million in three-year paper at an annual yield of 6.95%.
The ministry plans to sell debt worth RON5 billion in February. A month earlier, the ministry sold RON9.93 billion in leu-denominated paper and $1.5 billion in US dollar-denominated bonds. (EUR1=RON4.347)
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