Romania raises RON 323.65 mln from bonds' auction with 6-year maturity

Romania raises RON 323.65 mln from bonds’ auction with 6-year maturity

Newsroom 07/02/2017 | 08:00

The Ministry of Finance sold on Monday state bonds worth RON 323.65 million, with a maturity on December 19 2022 at an average interest rate of 3.30 percent, slightly over the level of the previous tender, according to the National Bank of Romania (BNR).

The value of the tender was RON 300 million and it included the supplementary session for uncompetitive offers, of RON 45 million.

The eight banks that attended the tender offered RON 678.8 million, which was double the amount provided by the state.

The bonds issued by the state have a coupon rate of 3.5 percent. As a result of the tender, the maximum yield offered by the state was 3.31 percent and the average yield of 3.3 percent per year, according to the BNR data.

The Ministry of Finance aims to raise RON 3.9 billion from the domestic market in February, out of which RON 1.8 billion for treasury certificates and RON 2.1 billion for bonds issue.