February 20 (SeeNews) - Romania sold on Thursday a more than planned 738.5 million lei ($167 million/154 million euro) worth of Treasury bonds maturing on September 25 2023, central bank data showed.
The average accepted yield was 3.37%, while demand totalled 1.63 billion lei, the data indicated.
The issue will be reopened on Friday when the finance ministry hopes to raise 90 million lei in a non-competitive tender.
Also on Thursday, the finance ministry sold a more than planned 427.5 million lei worth of one-year Treasury bills at an average yield of 2.95%.
etails on the issue follow:
Auction date |
February 20 |
Amount offered (mln lei) |
600.0 |
Amount sold (mln lei) |
738.5 |
Total bids placed (mln lei) |
1,638.5 |
Bid-to-cover ratio |
2.7 |
Yield (%) |
3.37 |
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 12 billion lei of debt and tapped foreign markets for 3 billion euro ($3.3 billion) worth of 2032 and 2050 Eurobonds.
(1 euro=4.7834 lei)