April 18 (SeeNews) - Romania sold on Thursday 600.5 million lei ($128.8 million/120.7 million euro) worth of fixed-rate government securities maturing on April 29, 2030, above target, central bank data showed.
The average accepted yield rose to 6.61%, from 6.54% 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 8%, fell to 870.5 million lei from 1.621 billion lei at the previous auction.
The issue will be reopened on Monday when the finance ministry hopes to raise an additional 90 million lei through a non-competitive tender.
Details follow:
Auction date |
April 18, 2024 |
March 21, 2024 |
Amount offered (mln lei) |
600.0 |
600.0 |
Amount sold (mln lei) |
600.5 |
1,279.0 |
Total bids placed (mln lei) |
870.5 |
1,620.8 |
Bid-to-cover ratio |
1.4 |
1.3 |
Yield (%) |
6.61 |
6.54 |
Romania has sold about 35.248 billion lei worth of government securities year-to-date.
(1 euro=4.9763 lei)