August 8 (SeeNews) - Romania on Monday sold 5.06 billion lei ($1.02 bllion/1.03 billion euro) worth of Treasury bonds maturing in 2025 and 2032, central bank data showed.
The finance ministry sold a more than planned 1.03 billion lei worth of Treasury bonds maturing on November 25 2025, central bank data showed.
The average accepted yield was 8.12%. The issue will be reopened on Tuesday, when the finance ministry hopes to raise 75 million lei in a non-competitive tender.
Also on Monday, Romania sold 4.05 billion lei worth of Treasury bonds maturing on February 25 2032, above target.
The average accepted yield was 8.11%. The issue will too be reopened on Tuesday, when the finance ministry hopes to raise 75 million lei in a non-competitive tender.
Details on the issue follow:
Maturity |
November 25 2025 |
February 25 2032 |
Amount offered (mln lei) |
500.0 |
500.0 |
Amount sold (mln lei) |
1,026.5 |
4,047.4 |
Total bids placed (mln lei) |
1,319.5 |
5,356.0 |
Bid-to-cover ratio |
1.3 |
1.32 |
Yield (%) |
8.12 |
8.11 |
Romania's finance ministry intends to sell 5.6 billion lei worth of government securities in August, including 585 million lei in non-competitive offers.
So far this year, Romania has sold some 34.5 billion lei worth of bonds and has tapped international markets for 2.5 billion euro ($2.63 billion) worth of 2028 and 2034 Eurobonds, as well as $3.85 billion worth of dollar bonds.
(1 euro=4.9210 lei)