For the first auction, the State sold government bonds with a nominal value of RON500 million. Total demand stood at RON1.76 billion and the total amount awarded was RON1.6 billion.
The coupon rate was 7.40% and the yield to maturity corresponding to the average award price was 7.24%
At the second auction for government paper due in 2034, total demand stood at RON1.9 billion, compared to the nominal value of the issue in the amount of RON300 million.
Six primary dealers participated in the auction and the total amount awarded stood at RON1.3 billion. Non-competitive bids reached RON100 million.
The coupon rate was 7.10% and the yield to maturity corresponding to the average award price was 7.34%.