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Romania sells 104 mln euro of 2027 T-bonds, above target

Jun 20, 2024, 4:18:21 PMArticle by Bogdan Todasca
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June 20 (SeeNews) - Romania sold on Thursday 518.6 million lei ($111.8million/104.2 million euro) worth of fixed-rate government securities maturing on May 31, 2027, above target, central bank data showed.

Romania sells 104 mln euro of 2027 T-bonds, above target

The average accepted yield inched down to 6.27% at Thursday's auction, from 6.28% achieved in the previous auction of Treasury paper of the same issue held in May. Demand for the government securities, which have an annual coupon of 7.2%, fell to 618.6 billion lei from 674.5 million lei at the previous auction.

The issue will be reopened on Monday when the finance ministry hopes to raise an additional 75 million lei through a non-competitive tender.

Details follow:

Auction date June 20, 2024 May 20, 2024
Amount offered (mln lei) 500.0 500.0
Amount sold (mln lei) 518.6 539.5
Total bids placed (mln lei) 618.6 674.5
Bid-to-cover ratio 1.19 1.25
Yield (%) 6.27 6.28

Romania has sold about 59.137 billion lei worth of government securities year-to-date.

(1 euro=4.977 lei)

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