December 15 (SeeNews) - Romania on Thursday sold a total 1.19 billion lei ($257 million/242 million euro) worth of Treasury bonds maturing in 2028 and 2032, central bank data showed.
The finance ministry sold more than planned 408 million lei worth of Treasury bonds maturing on January 26 2028, central bank data showed.
The average accepted yield was 7.69%. The issue will be reopened on Friday, when the finance ministry hopes to raise 60 million lei in a non-competitive tender.
Also on Thursday, Romania sold 748 million lei worth of Treasury bonds maturing on February 25 2032, above target.
The average accepted yield was 7.95%. The issue will too be reopened on Friday, when the finance ministry hopes to raise 60 million lei in a non-competitive tender.
Details on the issue follow:
Maturity |
January 26 2028 |
February 25 2032 |
Amount offered (mln lei) |
400.0 |
400.0 |
Amount sold (mln lei) |
408.0 |
784.0 |
Total bids placed (mln lei) |
485.3 |
921.9 |
Bid-to-cover ratio |
1.18 |
1.19 |
Yield (%) |
7.69 |
7.95 |
Romania's finance ministry intends to sell 5 billion lei worth of government securities in December, including 630 million lei in non-competitive offers.
So far this year, Romania has sold just roughly 60.6 billion lei and 1 billion euro ($1.05 billion) worth of bonds and bills. It has also has tapped foreign markets for 2.5 billion euro worth of 2028 and 2034 Eurobonds, as well as $3.85 billion worth of dollar bonds.
(1 euro=4.9206 lei)