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BUCHAREST (Romania), March 18 (SeeNews) - Romania on Monday sold above target 274 million lei ($65 million/58 million euro) of Treasury notes maturing on February 12, 2029, central bank data showed.
The average accepted yield fell to 4.76% from 4.78% achieved at the last auction of government securities of the same issue held in February, the data indicated.
Demand for T-notes, which carry an annual coupon of 5%, fell to 679 million lei on Monday from 793.2 million lei at the auction in February.
The issue will be reopened on Tuesday, when the finance ministry hopes to raise 30 million lei in a non-competitive tender.
Details on the issue follow:
|Auction date||March 18||February 18|
|Amount offered (mln lei)||200.0||200.0|
|Amount sold (mln lei)||274.0||347.4|
|Total bids placed (mln lei)||679.0||793.2|
Since the beginning of 2019, the finance ministry has sold roughly 6 billion lei and 83.5 million euro.
(1 euro=4.7525 lei)