Romania Raises Over RON1B Selling 12-Year and 2-Year Bonds

Romania's finance ministry on Thursday raised a total 1.013 billion lei (EUR214.5 million) in two separate tenders, selling bonds maturing in September 2031 and in June 2021, central bank data showed.

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The ministry sold RON713 million worth of September 2031 bonds, more than double its initial offer of RON300 million, at an average yield of 5.06%. Demand for the issue amounted to RON1.144 billion. The ministry last sold this issue in May at an average yield of 5.17%.

In a second tender, the ministry raised a planned RON300 million selling bonds maturing in June 2021 at an average yield of 3.64%. Demand amounted to RON354 million. Romania last sold this issue in August 2018 at an average yield of 4.44%.

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