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BUCHAREST (Romania), February 14 (SeeNews) - Romania on Wednesday sold 251.6 million euro ($311 million) worth of Treasury notes maturing on February 26, 2021, above the initial target, central bank data showed.
The average accepted yield was 0.22%, down from 0.36% achieved in the previous auction of government securities of the same issue held in June, the data indicated.
Demand for the Treasury notes, which carry an annual coupon of 1.25%, rose to 308.6 million euro from 262.2 million euro in the June auction.
Details on the issue follow:
|Auction date||Feb 14||June 27|
|Amount offered (mln euro)||200.0||100.0|
|Amount sold (mln euro)||251.6||100.0|
|Total bids placed (mln euro)||308.6||262.2|
Romania's finance ministry plans to auction 3.1 billion lei worth of government securities and to sell an additional 390 million lei in non-competitive offers in February.
In January, it planned to raise 4.94 billion lei from the sale of government securities but only raised 3.4 billion lei.
At the beginning of February, Romania's finance ministry raised 2 billion euro through the sale of 12-year and 20-year Eurobonds, with total demand reaching 5.3 billion euro.
(1 euro=4.6588 lei)