The finance ministry sold a less than planned 230 million lei worth of Treasury bonds maturing on February 24 2025, central bank data showed.
The average accepted yield was 7.82%. The issue will be reopened on Tuesday, when the finance ministry hopes to raise 45 million lei in a non-competitive tender.
Also on Monday, Romania sold a planned 300 million lei worth of Treasury bonds maturing on October 11 2034, above target.
The average accepted yield was 8.02%. The issue will too be reopened on Tuesday, when the finance ministry hopes to raise 45 million lei in a non-competitive tender.
Details on the issue follow:
Maturity | February 24 2025 | October 11 2034 |
Amount offered (mln lei) | 300.0 | 300.0 |
Amount sold (mln lei) | 300.0 | 230.0 |
Total bids placed (mln lei) | 238.0 | 434.0 |
Bid-to-cover ratio | 1.2 | 1.45 |
Yield (%) | 7.82 | 8.02 |
Romania's finance ministry said that it intends to sell 4.63 billion lei worth of government securities in September, including 525 million lei in non-competitive offers.
So far this year, Romania has sold some 43.6 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-denominated bonds.
(1 euro=4.8215 lei)