May 23 (SeeNews) - Romania sold on Thursday 320 million lei ($75 million/67 million euro) worth of Treasury bonds maturing on September 24, 2031, above initial target, central bank data showed.
The average accepted yield fell to 5.17% from 5.21% achieved at the previous auction of government securities of the same issue held in April, the data indicated.
Demand for the T-notes, which carry an annual coupon of 3.65%, fell to 519.5 million lei from 585.6 million lei at the April auction.
The issue will be reopened on Friday when the finance ministry hopes to raise 45 million lei in a non-competitive tender.
Details on the issue follow:
Auction date |
May 23 |
April 8 |
Amount offered (mln lei) |
300.0 |
200.0 |
Amount sold (mln lei) |
320.0 |
200.0 |
Total bids placed (mln lei) |
519.5 |
585.6 |
Bid-to-cover ratio |
1.6 |
2.9 |
Yield (%) |
5.17 |
5.21 |
Since the beginning of 2019, the finance ministry has sold roughly 16.8 billion lei and 507 million euro ($568 million) worth of domestic government securities. It also tapped foreign markets for 3 billion euro worth of 2026, 2034 and 2049 Eurobonds.
(1 euro=4.7601 lei)