The city hall sold bonds worth a total 2.2 billion lei (EUR500 million), divided on four tranches with different maturities, but with the same amount, of RON550 million.
The yields were 2.8% for the three-year bonds, 3.58% for the five-year bonds, 4.43% for the seven-year bonds and, respectively, 5.1% for the ten-year paper, according to Raiffeisen, which formed with Nomura and BT Securities the consortium that run the offer Monday and Tuesday.
Bonds will start trading on the Bucharest stock exchange on May 5.
The local authorities will use the proceeds to repay a 10-year bond launched in 2005. The EUR500 million issue is due in June.