Romanian Finance Ministry raises EUR 400 mln in new state bond sale
Romania's Finance Ministry managed to raise around EUR 400 million through state bonds at an average yield of 6.55 percent a year, according to a statement from the country's Central Bank (BNR). The bid's target value was EUR 300 million,…
Romania Insider · Journalist
· Updated · 1 min read
Romania's Finance Ministry managed to raise around EUR 400 million through state bonds at an average yield of 6.55 percent a year, according to a statement from the country's Central Bank (BNR). The bid's target value was EUR 300 million, but banks oversubscribed to the tune of EUR 550 million to give a total of EUR 850 million's worth of offered bids.
This recent treasury bond issue has a 12-month deadline and comes soon after the state raised EUR 328 million in a discount treasury bond sale on December 12. Romania hopes to raise EUR 1 billion this month, to finance the budget deficit and refinance its public debt. editor@romania-insider.com
