June 6 (SeeNews) - Romania sold on Monday 780 million lei ($186 million/165 million euro) worth of Treasury bonds maturing on August 8 2022, above initial target, central bank data showed.
The average accepted yield edged up to 3.95% from 3.94% achieved at the previous auction of government securities of the same issue held in May, the data indicated.
Demand for the T-notes, which carry an annual coupon of 4%, fell to 1.19 billion lei from 1.25 billion lei at the May 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 |
June 6 |
May 6 |
Amount offered (mln lei) |
500.0 |
500.0 |
Amount sold (mln lei) |
780.0 |
871.7 |
Total bids placed (mln lei) |
1,185.0 |
1,246.7 |
Bid-to-cover ratio |
1.6 |
1.4 |
Yield (%) |
3.95 |
3.94 |
The finance ministry plans to auction 4.4 billion lei worth of government securities in June, including 500 million lei in non-competitive offers.
Since the beginning of 2019, the finance ministry has sold roughly 19.7 billion lei and 507 million euro ($568 million) worth of domestic government securities. It also tapped foreign markets for 3 billion euro worth of 2026, 2034 and 2049 Eurobonds.
(1 euro=4.7183 lei)