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Romania sells 500 mln lei (105 mln euro) in 2026 T-notes, yield rises - table

Romania sells 500 mln lei (105 mln euro) in 2026 T-notes, yield rises - table

BUCHAREST (Romania), May 20 (SeeNews) - Romania sold on Monday 500 million lei ($117 million/105 million euro) worth of Treasury notes maturing on April 22, 2026, in line with target, central bank data showed.

The average accepted yield edged up to 4.72% from 4.71% achieved at the previous auction of government securities of the same issue held in April, the data indicated.

Demand for the T-notes, which carry an annual coupon of 4.85%, rose to 728.1 million lei from 696.9 million lei at the April auction.

The issue will be reopened on Tuesday when the finance ministry hopes to raise 75 million lei in a non-competitive tender.

Details on the issue follow:

Auction date May 20 April 15
Amount offered (mln lei) 500.0 400.0
Amount sold (mln lei) 500.0 409.0
Total bids placed (mln lei) 728.1 696.9
Bid-to-cover ratio 1.5 1.7
Yield (%) 4.72 4.71

Since the beginning of 2019, the finance ministry has sold roughly 16.5 billion lei and 507 million euro ($568 million) worth of domestic government securities.  It also tapped foreign markets for 3 billion euro worth of 2026, 2034 and 2049 Eurobonds.

(1 euro=4.7607 lei)

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