Romanian Finance Ministry raises EUR 244 mln through benchmark bonds, above initial target
Romania’s Finance Ministry sold benchmark bonds of around EUR 244.8 million on Monday, at an average yield of 6.6 percent a year, according to the Romanian Central Bank (BNR). The initial target for the bid was EUR 229 million, but banks have placed purchase offers for over EUR 560 million.
The Romanian Finance Ministry plans to raise over EUR 1 billion through bond sales in December in order to cover the budget deficit and finance the public debt.
Irina Popescu, irina.popescu@romania-insider.com
(photo source: Sxc.hu)
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