December 2 (SeeNews) - Romania sold on Thursday 282 million lei ($65 million/57 million euro) worth of Treasury bonds maturing on October 11 2034, above initial target, central bank data showed.
The average accepted yield rose to 5.72% from 5.12% achieved at the previous auction of government securities of the same issue held in November, the data indicated.
Demand for the T-notes, which carry an annual coupon of 4.75%, fell to 312 million lei from 338 million lei at the previous auction.
The issue will be reopened on Friday when the finance ministry hopes to raise 30 million lei in a non-competitive tender.
Details on the issue follow:
Auction date |
Dec 2 |
Nov 4 |
Amount offered (mln lei) |
200.0 |
400.0 |
Amount sold (mln lei) |
282.0 |
318.0 |
Total bids placed (mln lei) |
312.0 |
338.0 |
Bid-to-cover ratio |
1.10 |
1.06 |
Yield (%) |
5.72 |
5.12 |
Romania's finance ministry intends to sell 3.4 billion lei worth of government securities in December, including 420 million lei in non-competitive offers.
Year-to date, the finance ministry has sold government bills and bonds worth 49 billion lei and 1.6 billion euro ($1.9 billion) and has tapped foreign markets for 7 billion euro worth of 2030, 2033 and 2041 Eurobonds.
(1 euro=4.9490 lei)