The Finance Ministry reopened a bond issue due in October 2033 for the first auction and raised RON500 million, in line with the targeted amount, at an annual average yield of 6.99%.
Eight primary dealers participated in the auction.
Total demand stood at RON767.4 million.
The coupon rate was 7.20% and the yield until maturity corresponding to the average sale price was 6.98%.
For the second auction, the ministry reopened a government paper issue due in February 2024 and raised RON406.7 million, above its targeted amount of RON300 million, at a annual yield of 6.21%.
Total demand stood at RON657.7 million.