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May 18, 2022

Exchequer draws EUR 939 M by selling foreign currency bonds

The Ministry of Public Finance took a EUR 939 M-loan by issuing foreign currency bonds, maturing in three years, on the internal market, 56 pc above the targeted value, at an annual yield of 4.89 pc, Mediafax reports. “Banks made very good bids, just as we had expected. We’ve accepted a higher value than the amount previously announced,” the state secretary in the Finance Ministry, Bogdan Dragoi, stated. The ministry announced an estimative value of EUR 600 M for yesterday’s emission, bonds coming with a coupon of 4.5 pc a year. The bonds will mature on May 6, 2014. In November 2010, the ministry sold, on the internal market, EUR 1.32 bln-worth of foreign currency bonds, maturing in three years, at an average yield of 4.8 pc a year

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