Demand for the treasury notes, which have an annual coupon rate of 3.65%, totaled 981.2 million lei, the data indicated.
The ministry last sold the notes on November 21 at a 4.69% yield.
The issue will be reopened on Tuesday when the finance ministry hopes to raise 75 million lei in a non-competitive tender.
Details on the issue follow:
Auction date | December 16 | November 21 |
Amount offered (mln lei) | 500.0 | 200.0 |
Amount sold (mln lei) | 0 | 248.7 |
Total bids placed (mln lei) | 981.2 | 352.7 |
Bid-to-cover ratio | 1.96 | 1.76 |
Yield (%) | - | 4.69 |
Since the beginning of 2019, the finance ministry has sold roughly 48.6 billion lei and 1.2 billion euro worth of domestic government securities.
It also tapped foreign markets for 5 billion euro worth of 2026, 2034 and 2049 Eurobonds.
(1 euro=4.7781 lei)