January 9 (SeeNews) - Romania on Monday sold 1.65 billion lei ($358 million/335 million euro) worth of Treasury bonds maturing on October 30 2038, above the planned amount, central bank data showed.
The average accepted yield was 7.73%, compared to 7.48% achieved at the previous auction of government securities of the same issue held in December, the data indicated.
Demand for the T-notes, which carry an annual coupon of 8.75%, soared to 1.8 billion lei from 649 million lei at the previous auction.
The issue will be reopened on Wednesday, when the finance ministry hopes to raise 75 million lei in a non-competitive tender.
Also on Monday, the finance ministry sold below target 267.1 million lei of a new Treasury bills issue maturing on December 27 2023.
Details on the issue follow:
| Auction date |
January 9 |
December 12 |
| Amount offered (mln lei) |
500.0 |
400.0 |
| Amount sold (mln lei) |
1,652.5 |
563.0 |
| Total bids placed (mln lei) |
1,812.5 |
649.0 |
| Bid-to-cover ratio |
1.1 |
1.15 |
| Yield (%) |
7.73 |
7.48 |
Romania's finance ministry intends to sell 5.35 billion lei worth of government securities in January, including 645 million lei.
So far this year, Romania has sold roughly 5.39 billion lei.
(1 euro=4.9252 lei)