January 28 (SeeNews) - Romania's first sale of Eurobonds this year has yielded 2.025% for the 12-year maturity and 3.375% for the 30-year government securities amidst strong demand from investors, the finance ministry said on Tuesday.
On January 21, Romania raised 1.4 billion euro from the sale of 12-year Eurobonds and 1.6 billion euro from the sale of 30-year Eurobonds, the finance ministry said in a press release.
Combined demand for the two tranches of Eurobonds totalled 9.6 billion euro ($10.5 billion), as 500 orders were placed.
"Although we are facing a number of economic and political challenges, the issue represents a great achievement of the finance ministry and confirms, once again, investor confidence in the coherence of the current government's policies to ensure fiscal and budgetary stability," finance minister Florin Citu said in the statement.
The investment structure of the transaction was highly diversified from a geographical point of view. In terms of the type of investors most of them were privately managed funds.
The issuance was managed by BNP Paribas, Citigroup Global Markets Limited, Raiffeisen Bank International, Societe Generale and Unicredit Bank.
($= 0.9069 euro)