The first auction was a reopening of a bond issue due in September 2031 and the Finance Ministry borrowed RON447 million from banks, double against the planned level of RON200 million, at an annual yield of 7.68%.
Six primary dealers participated in the auction.
Total demand stood at RON726 million. The coupon rate was 3.65% and the yield until maturity corresponding to the sale price was 7.68%.
The second auction was a reopening of a state paper issue due in July 2023 and the Finance Ministry raised RON375 million from banks, at an annual yield of 7.45%.