December 9 (SeeNews) - Romania's finance ministry on Monday sold 832.8 million lei ($193 million/174 million euro) of Treasury bonds maturing on February 12, 2029, data from the country's central bank showed.
Total bids placed totaled 1.5 billion lei, well above the sum asked by the ministry, the data indicated.
At the last auction of the bonds held in November, the finance ministry rejected all bids.
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 |
December 9 |
November 14 |
Amount offered (mln lei) |
500.0 |
500.0 |
Amount sold (mln lei) |
832.8 |
0 |
Total bids placed (mln lei) |
1,498.4 |
372.0 |
Bid-to-cover ratio |
1.8 |
0.7 |
Yield (%) |
4.67 |
- |
Since the beginning of 2019, the finance ministry has sold roughly 48.2 billion lei and 1.18 billion euro worth of domestic government securities.
It also tapped foreign markets for 5 billion euro worth of 2026, 2034 and 2049 Eurobonds.
(1 euro=4.7777 lei)