The average accepted yield rose to 6.26% at Monday's auction, from 6.2% achieved at the previous auction of Treasury paper of the same issue held in March. Demand for the government securities, which have an annual coupon of 7.2%, fell to 575.3 million lei from 1.074 billion lei at the previous auction.
The issue will be reopened on Wednesday when the finance ministry hopes to raise an additional 75 million lei through a non-competitive tender.
Details follow:
Auction date | April 22, 2024 | March 25, 2024 |
Amount offered (mln lei) | 500.0 | 500.0 |
Amount sold (mln lei) | 505.3 | 962.4 |
Total bids placed (mln lei) | 575.3 | 1,074.4 |
Bid-to-cover ratio | 1.1 | 1.1 |
Yield (%) | 6.26 | 6.20 |
Romania has sold about 35.818 billion lei worth of government securities year-to-date.
(1 euro=4.9758 lei)