On the 10-year issue, Romania raised $1.3 billion at an interest of 240 basis points over mid-swap. Demand amounted to $2.9 billion.
On the 30-year maturity, it raised $2 billion at a fixed interest of 4% a year. Demand amounted to $4.4 billion, Bloomberg reported.
Romania last tapped international markets in May, when it raised EUR3.3 billion. It also raised EUR3 billion in March, before the coronavirus pandemic sharply raised the country’s financing needs. The government is looking to fill a budget gap of RON72 billion this year.