November 27 (SeeNews) - Romania sold on Wednesday 332.6 million euro ($366 million) worth of Treasury bonds maturing on December 13 2013, above initial target, central bank data showed.
The average accepted yield rose to 0.31% from 0.24% achieved at the previous auction of government securities of the same issue held earlier this month, the data indicated.
Demand for the T-notes, which carry an annual coupon of 1%, fell to 336.6 million euro from 773.3 million euro at the previous auction.
Details on the issue follow:
Auction date |
November 27 |
November 6 |
Amount offered (mln euro) |
200.0 |
200.0 |
Amount sold (mln euro) |
332.6 |
338.0 |
Total bids placed (mln euro) |
336.6 |
773.3 |
Bid-to-cover ratio |
1.7 |
3.87 |
Yield (%) |
0.31 |
0.24 |
Romania's finance ministry plans to auction 4.1 billion lei ($960 million/862 million euro) worth of government securities in November, including 510 million lei in non-competitive offers.
Since the beginning of 2019, the finance ministry has sold roughly 45.4 billion lei and 1.2 billion euro worth of domestic government securities.
It also tapped foreign markets for 5 billion euro worth of 2026, 2034 and 2049 Eurobonds.
($= 0.9077 euro)