BUCHAREST (Romania), February 13 (SeeNews) - Romania sold on Thursday a more than planned 558 million lei ($128 million/117 million euro) worth of Treasury bonds maturing on October 11 2034, central bank data showed.
The average accepted yield fell to 4.47% from 4.78% achieved at the previous auction of government securities of the same issue held in January, the data indicated.
Demand for the T-notes, which carry an annual coupon of 4.75%, rose to 1.52 billion lei from 539.9 million lei at the previous auction.
The issue will be reopened on Friday when the finance ministry hopes to raise 60 million lei in a non-competitive tender.
Details on the issue follow:
|Amount offered (mln lei)
|Amount sold (mln lei)
|Total bids placed (mln lei)
The finance ministry intends to sell 5 billion lei worth of government securities in February, including 615 million lei in non-competitive offers.
So far this year, Romania has sold almost 10 billion lei of debt and tapped foreign markets for 3 billion euro ($3.3 billion) worth of 2032 and 2050 Eurobonds.
(1 euro=4.7646 lei)