May 25 (SeeNews) - In BUCHAREST story "Romania sells 765 mln euro of 2032 T-bonds, above target" dated May 25, please read in the headline "Romania sells 765 mln euro of 2038 T-bonds, above target" (corrects maturity).
The text of the story remains unchanged.
Romania's finance ministry sold 3.798 billion lei ($824.8 million/765.4 million euro) worth of Treasury bonds maturing on February 24, 2038, way above its 300 million lei target, central bank data showed on Thursday.
The average accepted yield was 7.49%, compared to 7.77% achieved at the previous auction of government securities of the same issue held in April.
Demand for the bonds, which carry an annual coupon of 7.9%, rose to 5.406 billion lei at Thursday's auction from 817.1 million lei at the April 6 auction.
The issue will be reopened on Monday, when the finance ministry hopes to raise an additional 45 million lei in a non-competitive tender.
Details on the issue follow:
|Amount offered (mln lei)
|Amount sold (mln lei)
|Total bids placed (mln lei)
So far this year, Romania has sold some 51.728 billion lei worth of debt paper.
(1 euro=4.9624 lei)