December 3 (SeeNews) - Romania on Thursday sold 500 million lei ($124 million/103 million euro) worth of Treasury bonds issue maturing on October 24 2030, in line with initial target, central bank data showed.
The average accepted yield rose to 3.34% from 3.31% achieved at the previous auction of government securities of the same issue held in November, the data indicated.
Demand for the T-notes, which carry an annual coupon of 4.15%, rose to 934 million lei from 597.9 million lei at the previous auction.
The issue will be reopened on Friday when the finance ministry hopes to raise 75 million lei in a non-competitive tender.
Details on the issue follow:
Auction date |
December 3 |
November 19 |
Amount offered (mln lei) |
500.0 |
300.0 |
Amount sold (mln lei) |
500.0 |
537.0 |
Total bids placed (mln lei) |
934.0 |
597.9 |
Bid-to-cover ratio |
1.9 |
1.11 |
Yield (%) |
3.34 |
3.31 |
Romania's finance ministry aims to sell domestic debt worth 5 billion lei in December, including 585 million lei at non-competitive tenders.
Year-to-date, the finance ministry has sold some 68 billion lei and 2.3 billion euro $2.7 billion) worth of domestic bills and bonds. It has also sold 8.8 billion euro and $3.3 billion from worth of debt paper on international markets.
(1 euro= 4.8736 lei)