February 2 (SeeNews) - Romania sold on Thursday a total 1.084 billion lei ($242.9 million/221.2 million euro) worth of treasury bonds maturing on April 28, 2036, above the 500 million lei target, central bank data showed.
The average accepted yield was 7.43%, compared to 8.11% achieved at the previous auction of government securities of the same issue held in January.
The issue will be reopened on Monday, when the finance ministry hopes to raise 75 million lei in a non-competitive tender.
Details on the issue follow:
Maturity |
April 28 2036 |
Auction date |
February 2 2023 |
January 5 2023 |
Amount offered (mln lei) |
500.0 |
400.0 |
Amount sold (mln lei) |
1,084.2 |
1,979.2 |
Total bids placed (mln lei) |
1,904.2 |
2,359.2 |
Bid-to-cover ratio |
1.8 |
1.2 |
Yield (%) |
7.43 |
8.11 |
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 23.629 billion lei worth of debt paper.
(1 euro=4.9024 lei)