Romania’s Finance Ministry borrowed another RON 300 million (EUR 68 million) via a bond issue in local currency, on July 24, at lower costs than in June. The yield for the bonds, which reach maturity in November 2018, is 3.1 percent per year. The issuance was almost twice oversubscribed, according to Mediafax.

The Finance Ministry plans to attract some EUR 930 million in July via bond sales as it has to repay some EUR 1.54 billion to investors.

Since the beginning of the year, the Finance Ministry attracted some EUR 6.1 billion internally, via bond sales. Most of the bonds were issued in RON. Romania also raised some EUR 2.77 billion form international markets via bond issues for 10 and 30 years.

editor@romania-insider.com