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Nov 25, 2019 17:03 EEST
November 25 (SeeNews) - Romania's finance ministry sold on Monday 1.05 billion lei ($243 million/220 million euro) of Treasury bonds maturing on September 25 2023, well above target, data from the country's central bank showed.
The average accepted yield rose to 3.92% from 3.86% achieved at the previous auction of government securities of the same issue held earlier this month, the data indicated.
Demand for the T-notes, which carry an annual coupon of 4.40%, rose to 1.86 billion lei from 1.47 billion lei at the previous auction.
The issue will be reopened on Tuesday when the finance ministry hopes to raise 60 million lei in a non-competitive tender.
Details on the issue follow:
Romania's finance ministry plans to auction 4.1 billion lei worth of government securities in November, including 510 million lei in non-competitive offers.
Since the beginning of 2019, the finance ministry has sold roughly 45.4 billion lei and 845 million euro worth of domestic government securities.
It also tapped foreign markets for 5 billion euro worth of 2026, 2034 and 2049 Eurobonds.
(1 euro=4.7722 lei)
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