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Government Securities


The National Bank of Romania (NBR), acting as the state agent and market administrator, is in charge of the management of primary and secondary markets for government securities in dematerialized form, in both national and foreign currencies, on the domestic market. In this capacity, the NBR organizes and conducts the government securities investment activity and sets the norms on the organization and functioning of the secondary market for government securities, under the NBR management, based on the agreements signed with the Ministry of Finance and in compliance with the NBR Statute and its own regulations. Moreover, the NBR acts as the central depository via SaFIR for all government securities issues in dematerialized form.

Primary Market Operations

ISIN Type Issuance/ Reopening date Maturity date Rezidual maturity
(months)		 Base auction volume (mill.) Non-competitive session volume (mill.) Currency Avg Yield Rate
(% p.a.)		 Max Yield Rate
(% p.a.)		 Coupon Rate
(% p.a.)
Announced Subscribed Alloted Announced Subscribed Alloted
ROJVM8ELBDU4GB, interest1 Jul.202425 Apr.2029 58500.01,795.01,670.075.0295.075.0Lei6.676.686.30
RO7EKTXSRHD6GB, interest1 Jul.202428 Jan.2026 19500.01,830.91,365.975.0250.075.0Lei6.106.106.30
ROP9QVD42HO2GB, interest25 Jun.202431 May.2027 35500.0618.6518.675.055.055.0Lei6.276.287.20
RO0DU3PR9NF9GB, interest19 Jun.202424 Feb.2038 164300.0302.40.045.0--Lei--7.90
ROCDG04X8WJ7GB, interest19 Jun.202426 Apr.2028 46500.0710.0500.075.0170.075.0Lei6.426.436.30
ROTM7EDD92S2GB, interest17 Jun.202431 Jul.2034 122500.01,239.91,022.575.0110.075.0Lei6.866.867.10
ROLGWS4778U3TC, discount17 Jun.202428 May.2025 11600.03,010.42,312.4---Lei6.026.03-
ROXL7LT7QZ66GB, interest12 Jun.202429 Apr.2030 71200.0544.8300.030.050.030.0Lei6.696.698.00
RON7NMKOKQG2GB, interest12 Jun.202428 Oct.2026 29500.01,042.0797.075.0200.075.0Lei6.296.297.20
ROEDCYTB27Y9TC, discount10 Jun.202431 Mar.2025 10600.02,381.12,331.1---Lei6.036.04-

»»» GB = Government Bonds, TC = Treasury Certificates

 

Buy-back Operations

(latest 10 operations)
ISIN Type   Settlement   date    Maturity     date Rezidual maturity
(months)		 Auction value (mill.) Currency Average Yield rate
(% p.a.)		 Coupon Rate
(% p.a.)
Announced  Subscribed  Alloted
RO1522DBN056GB, interest 24 Jun.2022 19 Dec.2022650.0150.00.0RON-3.50

more »»» GB = Government Bonds,

 

Exchange operations

(latest 5 auctions)
ISIN Type     Auction     date     Maturity    date Rezidual maturity
(months)		 Auction Nominal value (mill.) Currency Average Yield
(% p.a.)		 Coupon Rate
(% p.a.)
Announced Subscribed* Alloted
ROXL7LT7QZ66 GB, interest 28 Jun.2024 29 Apr.203070200.0554.2416.9RON6.758.00
RO1425DBN029 GB, interest 28 Jun.2024 24 Feb.20258-88.160.9RON-4.75
RO0TLVC1MCW4 GB, interest 28 Jun.2024 25 Nov.20245-498.6380.5RON-3.70
RO3B41D8EX14 GB, interest 14 Jun.2024 25 Jul.202961200.0727.5582.5RON6.584.85
RO1425DBN029 GB, interest 14 Jun.2024 24 Feb.20258-337.6230.9RON-4.75
RO0TLVC1MCW4 GB, interest 14 Jun.2024 25 Nov.20245-362.0329.3RON-3.70
ROTM7EDD92S2 GB, interest 31 May.2024 31 Jul.2034122200.0763.1390.1RON6.917.10
ROGV3LGNPCW9 GB, interest 31 May.2024 17 Jun.20241-245.3168.8RON-4.50
RO0TLVC1MCW4 GB, interest 31 May.2024 25 Nov.20246-561.4240.4RON-3.70
RO52CQA3C829 GB, interest 19 Apr.2024 29 Sep.2032101200.0373.9200.0RON6.828.25
ROGV3LGNPCW9 GB, interest 19 Apr.2024 17 Jun.20242-315.6206.6RON-4.50
RO0TLVC1MCW4 GB, interest 19 Apr.2024 25 Nov.20247-97.113.0RON-3.70
RO52CQA3C829 GB, interest 29 Mar.2024 29 Sep.2032102200.0701.6596.6RON6.588.25
ROGV3LGNPCW9 GB, interest 29 Mar.2024 17 Jun.20243-691.0592.2RON-4.50
RO1624DBN027 GB, interest 29 Mar.2024 29 Apr.20241-89.171.3RON-3.25

more »»»Titluri new/reopend issues in exchange with old issues
*) Subscribed value is based on new/reopened issues only

 

Government Securities Outstanding

ISIN code Total alloted nominal amount
(mill.)		 Currency Type     Issuance     date     Maturity     date Discount rate
(% p.a.)		 Coupon rate
(% p.a.)		 Maturity
(years)
ROH1BNRIDDC5 726.70LeiTC 10 Jan.2024 29 Jul.20245.83- 0.6
ROAHOIPMT2A9 337.35LeiTC 5 Feb.2024 21 Aug.20245.78- 0.5
RO0JGJSYGX38 763.85LeiTC 11 Mar.2024 25 Sep.20245.83- 0.5
RO9ZKMFLS2K3 948.54LeiTC 3 Apr.2024 23 Oct.20245.81- 0.6
RO0TLVC1MCW4 11,799.58LeiGB 15 Jul.2020 25 Nov.2024-3.70 4.4
ROS3X04VIMF5 399.61EuroTC 29 Nov.2023 27 Nov.20244.01- 1
ROZV22LVN7Y2 3,497.76LeiTC 27 May.2024 27 Nov.20245.85- 0.5
ROL2KUQU0G92 955.04LeiTC 22 Jan.2024 20 Jan.20255.67- 1
ROVKA2NSGY63 767.32LeiTC 7 Feb.2024 29 Jan.20255.63- 1
RO550ZKFEUK3 123.75EuroGB 14 Dec.2023 14 Feb.2025-4.40 1.2

»»» GB = Government Bonds, TC = Treasury Certificates

 

Reference Rates

(12:00) - %
  BID ASK
Maturity 6M 12M 3Y 5Y 10Y 6M 12M 3Y 5Y 10Y
28 Jun 20246.076.086.346.616.985.775.786.126.376.75
27 Jun 20246.086.086.326.606.985.775.786.096.376.75
26 Jun 20246.086.086.316.626.985.775.786.086.386.74
25 Jun 20246.086.096.316.626.985.785.796.086.396.74
21 Jun 20246.086.086.306.606.995.785.786.066.366.75

»»»  

Secondary Market Operations

(daily averages)
Period RON EUR
Number Volume
(RON mill.)		 Number Volume
(EUR mill.)
daily series
28 Jun.2024179 7,650.42 101.0
27 Jun.2024216 1,721.21 0.0
26 Jun.2024159 1,364.52 101.0
25 Jun.2024306 8,448.92 0.7
21 Jun.2024214 838.32 0.2
monthly series
May.2024 226 2,373.9 3 3.5
Apr.2024 131 2,205.5 4 3.7
Mar.2024 134 1,880.4 2 1.9
Feb.2024 160 2,322.6 2 2.1
Jan.2024 139 2,291.0 3 16.3
Dec.2023 149 2,652.1 7 11.2

»»»  

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