Romania raises €167 million from bond sale

Business Forum
The Ministry of Finance secured RON 846.5 million (€167 million) from banks on Monday through a benchmark government bond issue with a residual maturity of 23 months, at an average annual yield of 7.23%, according to data published by the National Bank of Romania (BNR).

The nominal value of Monday's issue was RON 500 million (€100 million), with banks subscribing RON 1.2 billion (€242 million). 

A supplementary auction is scheduled for Tuesday, where the government aims to attract an additional RON 75 million at a yield of 7.23%.

The Ministry of Finance plans to borrow in May around RON 5.4 billion (€1 billion) from commercial banks.

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