April 4 (SeeNews) - Romania's finance ministry sold on Thursday two issues of Treasury notes worth a total 1.291 billion lei ($282.1 million/259.7 million euro), central bank data showed.
The finance ministry placed 891.1 million lei worth of T-notes maturing on January 28, 2026, above its 400 million lei target, the central bank said in a data release.
The average accepted yield was 6.04%, compared to 6.05% achieved at the previous auction of the same issue held in March. Demand for the T-notes which have an annual coupon of 6.3%, rose to 1.536 billion lei from 1.015 billion lei at the previous auction.
The finance ministry also sold on Thursday 400 million lei worth of T-bonds maturing on July 31, 2034, right on target.
The average accepted yield edged up to 6.63% from 6.54% achieved at the previous auction of bonds of the same issue held last month. Demand for the Treasury bonds that have an annual coupon of 7.1% rose to 469.1 million lei from 459.3 million lei at the previous auction.
Both issues will be reopened on Monday when the finance ministry hopes to raise an additional total of 120 million lei through non-competitive tenders.
Details of the issues follow:
Maturity |
Jan 28, 2026 |
July 31, 2034 |
Amount offered (mln lei) |
400.0 |
400.0 |
Amount sold (mln lei) |
891.1 |
400.0 |
Total bids placed (mln lei) |
1,536.1 |
469.1 |
Bid-to-cover ratio |
1.72 |
1.17 |
Yield (%) |
6.04 |
6.63 |
Romania has sold approximately 31.86 billion lei worth of government securities year-to-date.
(1 euro=4.9708 lei)