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BUCHAREST (Romania), March 14 (SeeNews) - Romania sold on Thursday 304 million lei ($72 million/64 million euro) worth of Treasury notes maturing on June 17 2024, slightly above its initial target, central bank data showed.
The average accepted yield rose to 4.47% from 4.29% achieved at the previous auction of government securities of the same issue held in February, the data indicated.
Demand for the T-notes, which carry an annual coupon of 5%, fell to 426.4 million lei from 730.2 million lei at the February auction.
The issue will be reopened on Friday when the finance ministry hopes to raise 45 million lei in a non-competitive tender.
Details on the issue follow:
|Auction date||March 14||February 14|
|Amount offered (mln lei)||300.0||200.0|
|Amount sold (mln lei)||304.0||320.0|
|Total bids placed (mln lei)||426.4||730.2|
Since the beginning of 2019, the finance ministry has sold roughly 5.8 billion lei and 83.5 million euro.
(1 euro=4.7640 lei)