In the first auction, the ministry reopened a bond issue due in July 2031, with a coupon rate of 7.65%, and raised RON719.7 million. Total investor demand stood at RON1.01 billion, which translates into an almost 1.4-fold oversubscription rate. The average accepted yield was 6.65% and the highest accepted yield was 6.67%.
In the second auction, the ministry reopened a bond issue due in October 2036, with a coupon rate of 6.9%, and raised RON586.5 million, amid total demand of RON626.5 million. The average accepted yield was 6.90% and the highest accepted yield was 6.91%.
For the bond issue due in 2031, the planned value was RON700 million and the ministry announced an additional session of non-competitive bids worth RON108 million.
For the bond issue due in 2036, the planned value was RON500 million and the additional session was set at RON88 million.
Seven primary dealers participated in each of the two auctions and the bids submitted were entirely accepted at the marginal level, with the allocation coefficient reaching 100%.