January 26 (SeeNews) - Romania sold on Thursday a total 7.895 billion lei ($1.762 billion/1.616 billion euro ) worth of treasury bonds maturing in 2025 and 2032, above a cumulative 1 billion lei target, central bank data showed.
The finance ministry sold 4.02 billion lei worth of Treasury bonds maturing on November 25, 2025, central bank data showed.
The average accepted yield was 7.1%. The issue will be reopened on Monday, when the finance ministry hopes to raise 75 million lei in a non-competitive tender.
Also on Thursday, Romania sold 3.875 billion lei worth of treasury bonds maturing on September 29, 2032.
The average accepted yield was 7.39%. The issue will also be reopened on Monday, when the finance ministry expects to raise an additional 75 million lei in a non-competitive offer.
Details on the issue follow:
Maturity |
November 25 2025 |
September 29 2032 |
Amount offered (mln lei) |
500.0 |
500.0 |
Amount sold (mln lei) |
4,020.1 |
3,875 |
Total bids placed (mln lei) |
4,826.1 |
4,625.1 |
Bid-to-cover ratio |
1.2 |
1.19 |
Yield (%) |
7.1 |
7.39 |
Romania’s finance ministry intended to sell 5.35 billion lei worth of government securities in January, including 645 million lei in non-competitive offers.
So far this year, Romania has sold approximately 22.545 billion lei worth of debt paper.
(1 euro=4.8858 lei)