The bond issue has a nominal value of RON500 million.
Eight primary dealers participated in the auction.
Total demand stood at RON1.8 billion.
The coupon rate was 7.9% and the yield until maturity corresponding to the average sale price was 6.64%.
Banks-Insurance
Finance Ministry Raises RON1.2B From Banks On July 13
Romania's Finance Ministry raised RON1.2 billion from banks on Thursday, July 13, selling government paper maturing in 2038, at an annual average yield of 6.64%.