Around 10,000 individual investors subscribed around RON2 billion by the August 7 deadline.
Finance minister Florin Citu, who opened the trading session Thursday, said the government will continue to issue such financial instruments as the first session has been successful.
“Of course we will continue this program because it has been a success. We need to see the feedback first and certainly we will continue in 2021, perhaps there will be a second issue in 2020 as well,” said Citu.
Around RON566 million were subscribed on the two-year leu-denominated issue, which carries a 4% annual interest. For four-year bonds with a fixed interest of 4.5% a year, demand reached RON657 million, of which RON400 million was subscribed by one individual.
The government’s euro-denominated five-year issue with an interest of 2% a year attracted EUR167 million.