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BUCHAREST (Romania), April 22 (SeeNews) - Romania's finance ministry sold on Monday 695 million lei ($164 million/146 million euro) of Treasury bonds maturing on October 27, 2021, above its initial target, data from the country's central bank showed.
The average accepted yield was 3.80%, same as the one achieved at the previous auction of government securities of the same issue held in March, the data indicated.
Demand for the T-notes, which carry an annual coupon of 4%, rose to rose to 920 million lei from 829.8 million lei at the March 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||April 22||March 4|
|Amount offered (mln lei)||500.0||400.0|
|Amount sold (mln lei)||695.0||543.8|
|Total bids placed (mln lei)||920.0||829.8|
The finance ministry plans to auction 3.62 billion lei worth of government securities in April, including 420 million lei in non-competitive offers.
Since the beginning of 2019, the finance ministry has sold roughly 12.8 billion lei and 83.5 million euro ($94.6 million) on the local market. It has also tapped foreign markets for 3 billion euro worth of 2026, 2034
and 2049 Eurobonds.
(1 euro=4.7584 lei)