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Romania sells 500 mln lei (105 mln euro) in 2022 T-notes - table

Oct 7, 2019, 4:15:07 PMArticle by Nicoleta Banila
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October 7 (SeeNews) - Romania sold on Monday 500 million lei ($116 million/105 million euro) worth of Treasury notes maturing on August 8, 2022, in line with target, central bank data showed.

Romania sells 500 mln lei (105 mln euro) in 2022 T-notes - table
Romania's finance ministry

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)

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