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Romania sells 1.29 bln lei (261 mln euro) in 2025, 2034 treasury bonds - table

Romania sells 1.29 bln lei (261 mln euro) in 2025, 2034 treasury bonds - table Romania's finance ministry

BUCHAREST (Romania), August 1 (SeeNews) - Romania on Monday sold 1.285 billion lei ($268 million/261 million euro) worth of Treasury bonds maturing in 2025 and 2034, central bank data showed.

The finance ministry sold a more than planned 535.6 million lei worth of Treasury bonds maturing on February 24 2025, central bank data showed.

The average accepted yield was 8.17%. The issue will be reopened on Tuesday, when the finance ministry hopes to raise 60 million lei in a non-competitive tender.

Also on Monday, Romania sold 749.6 million lei worth of Treasury bonds maturing on October 11 2034, above target.

The average accepted yield was 8.19%. The issue will be reopened on Tuesday, when the finance ministry hopes to raise 75 million lei in a non-competitive tender.

Details on the issue follow:

Maturity February 24 2025 October 11 2034
Amount offered (mln lei) 400.0 500.0
Amount sold (mln lei) 535.6 749.6
Total bids placed (mln lei) 757.6 964.5
Bid-to-cover ratio 1.4 1.29
Yield (%) 8.17 8.19

Romania's finance ministry intends to sell 5.6 billion lei worth of government securities in August, including 585 million lei in non-competitive offers.

So far this year, Romania has sold some 27.6 billion lei worth of bonds and has tapped international markets for 2.5 billion euro ($2.63 billion) worth of 2028 and 2034 Eurobonds, as well as $3.85 billion worth of dollar bonds.

(1 euro=4.9287 lei)

 
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