Romania pays over 8% on 4-year bonds

Romania’s Ministry of Finance reopened a bond issue due in June 2026 and issued RON 366 mln (EUR 67 mln) of new papers - over 20% more compared to the target size of the issue - at a yield of 8.02%, Ziarul Financiar reported.

Out of the total amount awarded, the banks bought RON 305 mln in their own name and account.

A couple of days earlier, the Treasury accepted paying a yield of nearly 8.5% for bonds with a residual maturity of 14 years.

At the beginning of the year, the Ministry of Finance announced that Romania should borrow in 2022 about RON 145 bln from the internal and external market to finance the budget deficit and refinance previous debts, given the projected level of the budget deficit of 5.84% of GDP ( about RON 77 bln) as well as the volume of debt to be refinanced in 2022, amounting to about RON 68.4 bln. 

(Photo: Iryna Drozd/ Dreamstime)

andrei@romania-insider.com

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Romania pays over 8% on 4-year bonds

Romania’s Ministry of Finance reopened a bond issue due in June 2026 and issued RON 366 mln (EUR 67 mln) of new papers - over 20% more compared to the target size of the issue - at a yield of 8.02%, Ziarul Financiar reported.

Out of the total amount awarded, the banks bought RON 305 mln in their own name and account.

A couple of days earlier, the Treasury accepted paying a yield of nearly 8.5% for bonds with a residual maturity of 14 years.

At the beginning of the year, the Ministry of Finance announced that Romania should borrow in 2022 about RON 145 bln from the internal and external market to finance the budget deficit and refinance previous debts, given the projected level of the budget deficit of 5.84% of GDP ( about RON 77 bln) as well as the volume of debt to be refinanced in 2022, amounting to about RON 68.4 bln. 

(Photo: Iryna Drozd/ Dreamstime)

andrei@romania-insider.com

Normal
 

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