Romania Sells RON300M 3-Year Bonds; Yield Falls Below 2%

08.06.2015 By Bogdan Neagu

Romania’s Finance Ministry sold a planned 300 million lei (EUR68 million) at a three-year bond auction Thursday, with the average yield falling below 2%.

The average yield for the bond due in January 2018 was 1.96%, down from 2.15% on July 2, when the treasury last reopened the bond issue, selling RON228 million worth of paper.

Book orders amounted to RON984.5 million, and the maximum accepted yield was 1.97%, central bank data showed.

The issue will be reopened tomorrow in a bid to raise RON45 million at a supplementary non-competitive sale.

So far in 2015, the ministry raised around RON21 billion at bond auctions on local market.