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BUCHAREST (Romania), October 11 (SeeNews) - Romania on Thursday sold above target 952.9 million lei ($236 million/204 million euro) of Treasury notes maturing on October 26, 2020, well above its target, central bank data showed.
The average accepted yield rose to 4.07% from 3.90% achieved at the last auction of government securities of the same issue held in September, the data indicated.
Demand for T-notes, which carry an annual coupon of 2.30%, rose to 1.38 billion lei on Thursday from 773.3 million lei at the auction in September.
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||October 11||September 13|
|Amount offered (mln lei)||952.9||500.0|
|Amount sold (mln lei)||500.0||713.3|
|Total bids placed (mln lei)||1,382.9||773.3|
In October, the finance ministry plans to auction 4.7 billion lei worth of government securities, including 495 million lei in non-competitive offers.
Since the beginning of 2018, the finance ministry has sold roughly 30 billion lei and has raised 3.75 billion euro on international markets as well as $1.2 billion of 2048 dollar bonds.
(1 euro=4.6674 lei)