February 17 (SeeNews) - Romania sold on Monday a more than planned 760 million lei ($173 million/159 million euro) worth of Treasury bonds maturing on January 26 2028, central bank data showed.
The average accepted yield was 3.79%, while demand totalled 1.6 billion lei, the data indicated.
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 |
February 17 |
Amount offered (mln lei) |
500.0 |
Amount sold (mln lei) |
760.0 |
Total bids placed (mln lei) |
1,629.3 |
Bid-to-cover ratio |
2.1 |
Yield (%) |
3.79 |
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 10.6 billion lei of debt and tapped foreign markets for 3 billion euro ($3.3 billion) worth of 2032 and 2050 Eurobonds.
(1 euro=4.7748 lei)