The Finance Ministry reopened a bond issue due in 2029 for the first auction and raised RON698 million, above the targeted amount of RON500 million, at an annual average yield of 6.37%.
Seven primary dealers participated in the auction, namely, those which bought the bonds.
Total demand stood at RON1.11 billion and the coupon rate was 6.3%.
For the second auction, the ministry reopened a discount treasury bill (T-bills) issue due in September 2024 and raised RON739 million, at an annual average yield of 6.02%.
Seven primary dealers participated in the auction, namely, those which bought the bonds.
Total demand stood at RON1.01 billion.
On Monday (March 4), the finance ministry raised RON 1 billion selling government paper in two auctions, at annual average yields of 6.13% and 6.54%, respectively.