Romania issues 92-month bond at 6.4% yield.

By bne IntelliNews May 25, 2012
Romania's Treasury has issued a new bond on the local market with a maturity of 92 months, at an average yield of 6.4%, the central bank, which handles such primary issues, said on its website. The issue's success ratio was 83%, as the Treasury drained RON 417mn (EUR 93.4mn) of the RON 500mn target. Demand totalled RON 906.6mn as such oversubscriptions have constantly happened in past years. The issue was one of the few long-term issues placed by Romania therefore a direct comparisons regarding the yield is difficult. A 111-month bond was issued in early March at the average yield of 6.75%, while earlier this week the Treasury set an average yield of 6.15% for a 62-month bond issued.

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