January 20 (SeeNews) - Romania sold on Monday 715.5 million lei ($166 million/150 million euro) worth of Treasury bonds maturing on April 22 2026 above initial target, central bank data showed.
The average accepted yield fell to 4.04% from 4.10% achieved at the previous auction of government securities of the same issue held in December, the data indicated.
Demand for the T-notes, which carry an annual coupon of 4.85%, fell to 1.03 billion lei from 1.68 billion lei at the December auction.
The issue will be reopened on Tuesday when the finance ministry hopes to raise 90 million lei in a non-competitive tender.
Details on the issue follow:
Auction date |
January 20 |
December 23 |
Amount offered (mln lei) |
600.0 |
800.0 |
Amount sold (mln lei) |
715.5 |
925.0 |
Total bids placed (mln lei) |
1,026.5 |
1,683.4 |
Bid-to-cover ratio |
1.7 |
1.8 |
Yield (%) |
4.04 |
4.10 |
So far this year, Romania has sold almost 4.5 billion lei of debt.
1 euro=4.7788 lei)