Romania Sells RON405M 10-Year Bonds At 7.25% Average Yield
Romania’s Finance Ministry on Thursday sold 405 million lei (EUR94.16 million) in 10-year treasury bonds, above the planned amount, while the average yield fell to 7.25% a year.
The ministry planned to sell RON300 million worth of paper at today’s auction. Banks offered a total of RON1.02 billion, but the ministry rejected all yields above 7.25% a year.
At the latest similar auction September 22, the ministry sold RON98.4 million in 10-year paper at 7.65% annual average yield.
The ministry sold debt worth RON5.35 billion in December, up from RON3.9 billion sold a month earlier.
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