December 3 (SeeNews) - Romania sold on Monday 494 million lei ($120 million/106 million euro) worth of Treasury notes maturing on April 22, 2026, above initial target, central bank data showed.
The average accepted yield fell to 4.67% from 4.69% achieved at the previous auction of government securities of the same issue held in November, the data indicated.
Demand for the T-notes, which carry an annual coupon of 4.85%, slightly rose to 821.2 million lei from 563.7 million lei at the November auction.
The issue will be reopened on Tuesday when the finance ministry hopes to raise 60 million lei in a non-competitive tender.
Details on the issue follow:
Auction date |
December 3 |
November 12 |
Amount offered (mln lei) |
400.0 |
400.0 |
Amount sold (mln lei) |
494.0 |
400.0 |
Total bids placed (mln lei) |
821.2 |
563.7 |
Bid-to-cover ratio |
2.05 |
1.41 |
Yield (%) |
4.67 |
4.69 |
Romania's finance ministry plans to auction 4.3 billion lei worth of government securities in December, including 480 million lei in non-competitive offers.
Since the beginning of 2018, the finance ministry has sold roughly 39 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=4.6566 lei)