April 25 (SeeNews) - Romania's finance ministry sold on Thursday two issues of government securities worth a total of 1.391 billion lei ($299.8 million/279.4 million euro), central bank data showed.
The finance ministry placed 243.9 million lei worth of T-notes maturing on October 28, 2026, below its 400 million lei target, the central bank said in a data release.
The average accepted yield came in at 6.23%, compared to 6.13% achieved at the previous auction of Treasury paper of the same issue held in March. Demand for the T-notes which have an annual coupon of 7.2%, plummeted to 303.9 million lei from 1.710 billion lei at the previous auction.
The finance ministry also sold on Thursday 1.147 billion lei worth of T-bonds maturing on October 30, 2033, above target.
The average accepted yield rose to 6.81% from 6.65% 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 7.2% grew to 1.532 billion lei from 1.377 billion 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 |
Oct 28, 2026 |
Oct 30, 2033 |
Amount offered (mln lei) |
400.0 |
400.0 |
Amount sold (mln lei) |
243.9 |
1,146.7 |
Total bids placed (mln lei) |
303.9 |
1,531.7 |
Bid-to-cover ratio |
1.25 |
1.34 |
Yield (%) |
6.23 |
6.81 |
Romania has sold approximately 37.284 billion lei worth of government securities year-to-date.
(1 euro=4.9763 lei)