Romania Sells RON917M 3-Year Bonds At 6.95% Average Yield
Romania’s Finance Ministry on Thursday sold 917.2 million lei (EUR211 million) in three-year bonds, above the planned amount, at an average yield of 6.95% a year, lower than at the previous auction.
The ministry planned to raise RON500 million at Thursday’s auction. Banks offered RON1.98 billion, but the ministry rejected all yields above 6.95% a year.
At the latest similar auction November 17, the ministry sold RON297 million in three-year paper at an annual yield of 7.48%.
The ministry already exceeded its issuance plan for January, of RON4.5 billion. It sold RON4.8 billion worth of paper in just three auctions, with the remaining three expected to raise another RON2.1 billion.
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