July 15 (SeeNews) - Romania sold on Monday 500 million lei ($119 million/106 million euro) worth of Treasury bonds maturing on April 22 2026, in line with target, central bank data showed.
The average accepted yield rose to 4.35% from 4.24% achieved at the previous auction of government securities of the same issue held in June, the data indicated.
Demand for the T-notes, which carry an annual coupon of 4.85%, fell to 1.02 billion lei from 2.39 billion lei at the June 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 |
July 15 |
June 4 |
Amount offered (mln lei) |
500.0 |
500.0 |
Amount sold (mln lei) |
998.9 |
780.0 |
Total bids placed (mln lei) |
1,026.4 |
2,385.5 |
Bid-to-cover ratio |
2.1 |
1.6 |
Yield (%) |
4.35 |
4.24 |
Romania's finance ministry plans to auction 4.8 billion lei worth of government securities in July, including 585 million lei in non-competitive offers.
Since the beginning of 2019, the finance ministry has sold roughly 28 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=4.7320 lei)