Romania's Treasury issued a 12-month bond at an average yield of 5.51% on Monday, Feb 4, down from 5.85% in mid-January, the central bank announced. The issue was oversubscribed but eventually the Treasury sold only RON 500mn, as planned, preferring lower yields at a time when it is not under cash constraints. The 12-month yield in the primary auctions was 6.24% in mid-December - before the visible change in investor sentiment pushed down the cost of borrowing for the government. In another auction also held on Feb 4, the Treasury issued 33-month debt paper at an average yield of 5.69% -- also down from the 5.95% in the previous issue with a similar maturity sold in mid-January. The Treasury eventually placed RON 737mn versus RON 500mn planned. The Feb 4 issue was actually a re-opening of an older bond. In another opening of the same bond in December, the Treasury accepted an average yield of 6.14%, while the yield of the same bond in November was 6.61%. |
Romania's government has earmarked RON 163mn (EUR 37mn) worth of subsidies for 2013 under a programme aimed at closing down the loss-making mines of local company CNH located in the southwestern ... more
Romanian state-controlled hydropower company Hidroelectrica sold on Thursday, March 21, in several separate contracts a total of 0.3TWh of baseload electricity deliverable between April 1 and the ... more
The Romanian government will publish the privatisation call for freight railway company CFR Marfa immediately after the consultants complete their work, probably on April 6-8, Romanian transport ... more