January 16 (SeeNews) - Romania sold on Thursday 810.8 million lei ($190 million/170 million euro) worth of Treasury notes maturing on August 8, 2022, above initial target, central bank data showed.
The average accepted yield fell to 3.66% from 3.78% 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%, rose to 865.8 million lei from 614 million lei at the December auction.
The issue will be reopened on Friday when the finance ministry hopes to raise 120 million lei in a non-competitive tender.
Details on the issue follow:
Auction date |
January 16 |
December 2 |
Amount offered (mln lei) |
800.0 |
500.0 |
Amount sold (mln lei) |
810.8 |
460.8 |
Total bids placed (mln lei) |
865.8 |
614.0 |
Bid-to-cover ratio |
1.1 |
1.3 |
Yield (%) |
3.66 |
3.78 |
So far this year, Romania has sold almost 3.9 billion lei of debt.
(1 euro=4.7795 lei)