Romania Sells $1.5B 10-Year Dollar Bonds At 6.87% Yield
Romania sold 10-year bonds worth $1.5 billion in its first auction on the American market in 16 years, at an annual yield of 6.875%, deputy finance minister Bogdan Dragoi said Tuesday.
The issue carried a coupon of 6.75%, Dragoi told Mediafax.
Investors offered almost $7 billion, the highest offer to date for US dollar-denominated bonds issued by a country in central and eastern Europe.
Citigroup, Deutsche Bank and HSBC managed the sale.
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