Romania Raises RON30M In Non-competitive Bond Sale

08.26.2014 By Bogdan Neagu

Romania’s Finance Ministry on Tuesday raised a planned 30 million lei (EUR6.8 million) at a supplementary non-competitive tender for its February 2025-dated bond reopened yesterday.

Demand reached RON55.9 million. The average yield was 4.28%, unchanged from Monday, when the ministry sold RON200 million in a reopening of the ten-year bond.

In August, the ministry sold RON1.52 billion worth of state paper. Also this month, the institution raised EUR250 million in a reopening of its January 2019-dated Eurobond, at a record low yield of 2.19% a year.

So far in 2014, the country sold RON27.3 billion in leu-denominated notes and EUR928.7 million at four euro-denominated auctions on the local market.

The ministry also tapped international markets for $2 billion at a two-part U. S. dollar bond issue in January, and raised EUR1.25 billion in a ten-year Eurobond sale in April. (EUR1=RON4.3964)