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.
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)