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Romania sells 246 mln lei (106 mln euro) in 2026 T-notes, yield falls - table

Romania sells 246 mln lei (106 mln euro) in 2026 T-notes, yield falls - table Romania's finance ministry

BUCHAREST (Romania), January 10 (SeeNews) - Romania sold on Thursday 246 million lei ($61 million/53 million euro) worth of Treasury notes maturing on April 22, 2026, below initial target, central bank data showed.

The average accepted yield fell to 4.51% from 4.67% achieved at the previous auction of government securities of the same issue held in December, the data indicated.

Demand for the T-notes, which carry an annual coupon of 4.85%, slightly fell to 333 million lei from 821.2 million lei at the December auction.

The issue will be reopened on Friday when the finance ministry hopes to raise 60 million lei in a non-competitive tender.

Details on the issue follow:

Auction date January 10 December 3
Amount offered (mln lei) 400.0 400.0
Amount sold (mln lei) 246.0 494.0
Total bids placed (mln lei) 333.0 821.2
Bid-to-cover ratio 0.62 2.05
Yield (%) 4.51 4.67

Romania's finance ministry plans to auction 3.26 billion lei worth of government securities in January, including 360 million lei in non-competitive offers.

In 2018, the finance ministry has sold roughly 43 billion lei of government securities and has raised 3.75 billion euro on international markets from the sale of 2028 and 2030 Eurobonds, as well as $1.2 billion of 2048 dollar bonds.

(1 euro=4.6764 lei)