The amount raised exceeded the amount the Romanian State was seeking to borrow through this auction, with the bond prospectus stipulating an indicative value of RON800 million.
Total demand stood at RON1.13 billion, triggering an oversubscription rate of roughly 1.3 times versus the amount awarded. Competitive bids stood at RON936 million and non-competitive at RON196 million.
The yield to maturity corresponding to the price accepted was 6.53% and the average allocation yield stood at 6.52%. The minimum accepted price at the auction was 101.08% and the average allocation price was 101.1207% of the nominal value.
The bonds reopened were initially issued in November 2024, mature on July 29, 2030 and have an annual fixed interest rate of 6.85%.
The ministry also announced an additional session of non-competitive bids worth RON131.6 million.