November 15 (SeeNews) - Romania on Thursday sold 644 million lei ($156 million/138 million euro) of Treasury notes due on June 28 2023, in line with target, central bank data showed.
The average accepted yield fell to 4.52% from 4.75% achieved at the last auction of government securities of the same issue held in October, the data indicated.
Demand for the T-notes, which carry an annual coupon of 4.25%, rose to 1.35 billion lei from 854.8 million lei at the auction in October.
The issue will be reopened on Friday, when the finance ministry hopes to raise 90 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)
Romania's finance ministry plans to auction 4.7 billion lei worth of government securities in November, including 540 million lei in non-competitive offers.
Since the beginning of 2018, the finance ministry has sold roughly 36.5 billion lei and 361 million euro of domestic debt this year. It has also raised 3.75 billion euro on international markets from the sale of 2028 and 2030 Eurobonds, as well as $1.2 billion of 2048 dollar bonds.
(1 euro=4.6635 lei)