Romania raises EUR 180 mln via treasury certificate sale at lowest interest so far

Romania’s Ministry of Finance has attracted RON 800 million (or some EUR 180 million) from selling treasury certificates with six-month maturity, at an average yield of 2.78 percent per year. This was the lowest interest ever paid for this maturity. In the auction, the Treasury received subscription orders with a cumulated value of RON 1.77 billion. The Ministry of Finance has previously sold treasury certificates with a maturity of six months in October this year, when it raised RON 500 million (or some EUR 111 million), at an average yield of 2.92 percent per year. Since the beginning of the year, the ministry borrowed RON 44.1 billion - or some EUR 9.8 billion from the internal market, as well as bond issues in foreign currency, internal and external, of some EUR 3 billion and USD 1.5 billion. Irina Popescu, irina.popescu@romania-insider.com