June 22 (SeeNews) - Romania sold on Monday sold 1.045 billion lei ($242 million/216 million euro) worth of Treasury notes on January 26 2028, above initial target, central bank data showed.
The average accepted yield fell to 3.87% from 4.43% 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 4.15%, rose to 1.593 billion lei from 825 million lei at the previous 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 |
June 22 |
May 4 |
Amount offered (mln lei) |
500.0 |
500.0 |
Amount sold (mln lei) |
1,045.0 |
700.0 |
Total bids placed (mln lei) |
1,593.8 |
825.0 |
Bid-to-cover ratio |
1.5 |
1.2 |
Yield (%) |
3.87 |
4.43 |
The finance ministry intends to sell 5 billion lei worth of government securities in June, including 510 million lei in non-competitive offers.
Year-to-date, the ministry has sold some 39 billion lei and 150 million euro worth of government bills and bonds and has tapped foreign markets for 6.3 billion euro of 2026, 2030, 2032 and 2050 Eurobonds.
(1 euro=4.8415 lei)