October 3 (SeeNews) - Romania sold on Thursday 702.3 million lei ($162 million/148 million euro) worth of Treasury notes maturing on April 22, 2026, above initial target, central bank data showed.
The average accepted yield fell to 4.02% from 4.06% achieved at the previous auction of government securities of the same issue held in September, the data indicated.
Demand for the T-notes, which carry an annual coupon of 4.85%, slightly fell to 1.23 million lei from 1.24 billion lei at the September auction.
The issue will be reopened on Friday when the finance ministry hopes to raise 75 million lei in a non-competitive tender.
Details on the issue follow:
Auction date |
October 3 |
September 12 |
Amount offered (mln lei) |
500.0 |
600.0 |
Amount sold (mln lei) |
702.3 |
695.0 |
Total bids placed (mln lei) |
1,237.3 |
1,244.8 |
Bid-to-cover ratio |
1.7 |
1.8 |
Yield (%) |
4.02 |
4.06 |
Since the beginning of 2019, the finance ministry has sold roughly 37 billion lei and 507 million euro ($568 million) worth of domestic government securities.
It also tapped foreign markets for 5 billion euro worth of 2026, 2031, 2034 and 2049 Eurobonds.
(1 euro=4.7483 lei)