September 26 (SeeNews) - Romania sold on Thursday a planned 500 million lei ($115 million/105 million euro) worth of Treasury notes maturing on February 12, 2029, central bank data showed.
The average accepted yield rose to 4.11% from 4.06% achieved at the previous auction of government securities of the same issue held in August, the data indicated.
Demand for the T-notes, which carry an annual coupon of 5%, fell to 766.8 million lei from 844.5 million lei at the August auction.
The issue will be reopened on Friday when the finance ministry hopes to raise 75 million lei in a non-competitive tender.
Details on the issue follow:
Auction date |
September 26 |
August 22 |
Amount offered (mln lei) |
500.0 |
500.0 |
Amount sold (mln lei) |
500.0 |
500.0 |
Total bids placed (mln lei) |
766.8 |
844.5 |
Bid-to-cover ratio |
1.5 |
1.7 |
Yield (%) |
4.11 |
4.06 |
The finance ministry plans to auction 3.98 billion lei worth of government securities in September, including 495 million lei in non-competitive offers.
Since the beginning of 2019, the finance ministry has sold roughly 36 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=4.7460 lei)