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Romania sells 150 mln lei (32 mln euro) of new 2034 T-notes - table

Romania sells 150 mln lei (32 mln euro) of new 2034 T-notes - table

BUCHAREST (Romania), October 17 (SeeNews) - Romania's finance ministry sold on Thursday 150 million lei ($35 million/32 million euro) of a new issue of Treasury notes maturing on October 11 2034, above initial target, data from the country's central bank showed.

The average accepted yield was 3.13%, while demand totaled 320 million lei, the data indicated.

The issue will be reopened on Friday when the finance ministry hopes to raise 15 million lei in a non-competitive tender.

On Thursday, the finance ministry also sold a planned 200 million lei worth of one-year treasury bills.

Details on the issue follow:

Auction date October 17
Amount offered (mln lei) 100.0
Amount sold (mln lei) 150.0
Total bids placed (mln lei) 320.0
Bid-to-cover ratio 1.4
Yield (%) 2.1

Since the beginning of 2019, the finance ministry has sold roughly 38.5 billion lei and 507 million euro ($568 million) worth of domestic government securities.

It also tapped foreign markets for 5 billion euro worth of 2026, 2031, 2034 and 2049 Eurobonds.

(1 euro=4.7550 lei)