The average accepted yield was 3.51%, while demand amounted to 612.4 million lei, the data indicated.
The issue will be reopened on Tuesday when the finance ministry hopes to raise 75 million lei in a non-competitive tender.
At the previous issue of the same bonds, the finance ministry rejected all bids.
Details on the issue follow:
Auction date | October 7 | September 16 |
Amount offered (mln lei) | 500.0 | 600.0 |
Amount sold (mln lei) | 500.0 | - |
Total bids placed (mln lei) | 612.4 | 472.8 |
Bid-to-cover ratio | 1.22 | 0.79 |
Yield (%) | 3.51 | - |
Since the beginning of 2019, the finance ministry has sold roughly 37.2 billion lei and 507 million euro ($568 million) worth of domestic government securities.
It also tapped foreign markets for 5 billion euro worth of 2026, 2031, 2034 and 2049 Eurobonds.
(1 euro=4.7472 lei)