Live Updates > Live Update Details
2025-09-15 19:07:44
Romanian Bond Auctions See Sudden Attraction: Yields Rise Slightly, Demand Strong. (1) Results from Romania's recent bond auctions demonstrate strong market interest in the country's debt. On Monday, the country successfully sold 598 million lei (approximately US$138.83 million) of bonds maturing in July 2033, exceeding its planned volume, and 479 million lei of bonds maturing in April 2029, exceeding its planned volume. (2) The average winning yield on the 2033 bonds in this auction was 7.50%, slightly higher than the 7.45% in August; the average winning yield on the 2029 bonds was 7.50%, also slightly higher than the 7.48% in July. Despite the slight increase in yields, the auction results demonstrate strong market demand. (3) Specifically, bids for the 2033 bonds totaled 1.53 billion lei, with a bid-to-cover ratio of 2.55, significantly higher than the 2.11% in the previous auction. At the same time, the total bid amount for the 2029 bonds reached 1.62 billion lei, with a bid coverage ratio of 3.39, significantly higher than the previous 1.93.
