The first auction was a reopening of a bond issue due in 2024 and the Finance Ministry borrowed RON825 million, double against the planned level of RON400 million, at an annual yield of 8.75%.
Six primary dealers participated in the auction.
Total demand stood at RON1.3 billion. The coupon rate was 4.5% and the yield until maturity corresponding to the sale price was 8.75%.
The second auction was a reopening of a bond issue due in 2029 and the Finance Ministry raised RON523 million from banks, at an annual yield of 8.80%.
Six primary dealers participated in the auction.
Total demand stood at RON871 million. The coupon rate was 4.85%.