Romania’s Finance Ministry borrowed EUR 383 million from local banks through two state bond auctions, on Monday, July 28.

n the first auction, the Finance Ministry sold one year treasury certificates worth EUR 227 million, for an average yield of 1.93 percent. Total bids from banks were more than double the raised amount.

In the second auction, the Finance Ministry sold 10-year bonds at an average yield of 4.23 percent. The raised amount was EUR 156 million.

editor@romania-insider.com