April 25 (SeeNews) - Romania sold on Monday a total 1.174 billion lei ($261.6 million/237.8 million euro) worth of Treasury bonds maturing in 2030 and 2036, central bank data showed.
The finance ministry sold 718 million lei worth of T-bonds maturing on April 29, 2030 at Monday's auction, above its 700 million lei target, the central bank said in a data release.
The average accepted yield was 7.33%, compared to 7.27% achieved at the previous auction of government securities of the same issue held earlier this month. Demand for the T-bonds, which carry an annual coupon of 8%, rose to 1.152 billion lei from 968.5 million lei at the previous auction.
The finance ministry also sold on Monday 456 million lei worth of government bonds maturing on April 28, 2036, below its 700 million lei target.
The average accepted yield decreased to 7.53% from 7.99% achieved at the previous auction of bonds of the same issue held in March. Demand for the T-bonds carrying an annual coupon of 4.25% fell to 598.5 million lei from 1.138 billion lei at the previous auction.
Both issues were reopened on Tuesday, when the finance ministry raised an additional 105 million lei and 36 million lei, respectively, through a non-competitive tender.
Details follow:
Maturity |
April 29, 2030 |
April 28, 2036 |
Amount offered (mln lei) |
700.0 |
700.0 |
Amount sold (mln lei) |
718.0 |
456.0 |
Total bids placed (mln lei) |
1,152.5 |
598.5 |
Bid-to-cover ratio |
1.6 |
1.3 |
Yield (%) |
7.33 |
7.53 |
Romania has sold approximately 39.885 billion lei worth of government securities year-to-date.
(1 euro=4.93641 lei)