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Romania sells 858 mln lei (180 mln euro) in 2024 T-bonds, yield rises - table

Romania sells 858 mln lei (180 mln euro) in 2024 T-bonds, yield rises - table Photo:

BUCHAREST (Romania), November 18 (SeeNews) - Romania sold on Monday 858 million lei ($199 million/180 million euro) worth of Treasury bonds maturing on June 17 2024, above initial target, central bank data showed.

The average accepted yield rose to 4.09% from 3.98% achieved at the previous auction of government securities of the same issue held in October, the data indicated.

Demand for the T-notes, which carry an annual coupon of 4.50%, rose to 1.46 billion lei from 739.1 million lei at the October auction.

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 November 18 October 21
Amount offered (mln lei) 500.0 500.0
Amount sold (mln lei) 858.0 601.0
Total bids placed (mln lei) 1,462.8 739.1
Bid-to-cover ratio 1.7 1.48
Yield (%) 4.09 3.89

Romania's finance ministry plans to auction 4.1 billion lei worth of government securities in November, including 510 million lei in non-competitive offers.

Since the beginning of 2019, the finance ministry has sold roughly 43.7 billion lei and 845 million euro worth of domestic government securities.

It also tapped foreign markets for 5 billion euro worth of 2026, 2034 and 2049 Eurobonds.

(1 euro=4.7729 lei)