BUCHAREST (Romania), May 23 (SeeNews) - Romania on Monday sold 296 million lei ($64 million/60 million euro) worth of Treasury bonds maturing on April 22 2026, central bank data showed.
The average accepted yield was 7.99%, compared to 6.50% achieved at the previous auction of government securities of the same issue held in April, the data indicated.
Demand for the T-notes, which carry an annual coupon of 4.85%, rose to 565.1 million lei from 250.5 million lei at the previous auction.
The issue will be reopened on Tuesday, when the finance ministry hopes to raise 30 million lei in a non-competitive tender.
Details on the issue follow:
|Amount offered (mln lei)
|Amount sold (mln lei)
|Total bids placed (mln lei)
Romania's finance ministry said that it intends to sell 2.73 billion lei worth of government securities in May, including 330 million lei in non-competitive offers.
Year to date, Romania has sold roughly 19 billion lei and 259.5 million euros worth of domestic debt so far this year. It has also tapped foreign markets for 2.5 billion euro worth of 2028 and 2034 Eurobonds, as well as $2.1 billion worth of 2027 and 2032 bonds.
(1 euro=4.9472 lei)