October 27 (SeeNews) - Romania sold on Tuesday 1.647 billion euro ($1.945 billion) a new issue of Treasury bonds maturing on November 28 2022, above initial target, central bank data showed.
The average accepted yield was 0.39%, the data indicated.
Demand for the T-notes, which carry an annual coupon of 0.45%, stood at 1.965 billion euro.
Debt managers had planned to sell 700 million euro.
Details on the issue follow:
Auction date |
October 27 |
Amount offered (mln euro) |
700.0 |
Amount sold (mln euro) |
1.647,2 |
Total bids placed (mln euro) |
1.965,8
|
Bid-to-cover ratio |
1.2 |
Yield (%) |
0.39 |
Romania's finance ministry aims to sell domestic debt worth 5.06 billion lei in October, including 660 million lei at non-competitive tenders.
Year-to-date, the ministry has sold some 59.4 billion lei ($14 billion/ 12 billion euro) and 2.3 billion euro worth of government bills and bonds and has tapped foreign markets for 6.3 billion euro of 2026, 2030, 2032 and 2050 Eurobonds.
It also sold 10-year dollar-denominated bonds worth $1.3 billion and $2 billion of 30-year bonds on the external market.
($=0.8466 euro)