Total demand stood at more than RON3.3 billion, central bank data published on Monday show.

The largest financing was obtained through a bond issue due in July 2028, about RON2.32 billion compared with a scheduled RON1.3 billion.

Total demand stood at about RON2.64 billion and the average accepted yield was 6.55%. The coupon rate was 6.40% per year.

In the second auction, the ministry raised RON501.5 million through a bond issue due on October 29, 2036, at an average yearly yield of 7.11%.

Total demand stood at RON681.5 million, while the scheduled value was RON500 million.

In all, the two auctions attracted about RON3.32 billion worth of bids, while the government agreed to borrow RON2.82 billion. The amount borrowed was about RON1.02 billion or almost 57% higher than initially scheduled for the two issues.

(English version by Loredana Fratila-Cristescu)