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BUCHAREST (Romania), May 16 (SeeNews) - Romania's finance ministry sold on Thursday 750 million lei ($176 million/156 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 rose to 3.83% compared to 3.80% achieved at the previous auction of government securities of the same issue held in April, the data indicated.
Demand for the T-notes, which carry an annual coupon of 4%, rose to 1.16 billion lei from 920 million lei at the April 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||May 16||April 22|
|Amount offered (mln lei)||500.0||500.0|
|Amount sold (mln lei)||750.0||695.0|
|Total bids placed (mln lei)||1,160.0||920.0|
Since the beginning of 2019, the finance ministry has sold roughly 15.8 billion lei and 507 million euro ($568 million) on the local market. It has also tapped foreign markets for 3 billion euro worth of 2026, 2034
and 2049 Eurobonds.
(1 euro=4.7616 lei)