Romania Sells 10-Year Eurobond at Lowest Yield on Record
This article is for subscribers only.
Romania raised 1.25 billion euros ($1.7 billion) in its second international bond sale this year, taking advantage of record-low borrowing costs to finance its budget deficit.
The government sold 10-year bonds today at a yield of 200 basis points above mid-swaps, the equivalent of 3.7 percent, the lowest on record for the country, Budget Minister Liviu Voinea said in a phone interview. Citigroup Inc., ING Groep NV, Societe Generale SA and UniCredit SpA managed the sale, Diana Popescu, deputy director at the Treasury, said by phone.