October 19 (SeeNews) - Romania sold on Monday 342 million lei ($83 million/70 million euro) worth of Treasury notes maturing on September 24, 2031, above initial target, central bank data showed.
The average accepted yield for the tender fell to 3.61% from 4.19% achieved at the previous auction of government securities of the same issue held in August, the data indicated.
Demand for the T-notes, which carry an annual coupon of 3.65%, fell to 409 million lei from 173.5 million lei at the previous auction.
The issue will be reopened on Tuesday, when the finance ministry hopes to raise 45 million lei in a non-competitive tender.
Details on the issue follow:
Auction date |
October 19 |
August 17 |
Amount offered (mln lei) |
300.0 |
200.0 |
Amount sold (mln lei) |
342.0 |
124.5 |
Total bids placed (mln lei) |
409.0 |
173.5 |
Bid-to-cover ratio |
1.2 |
1.4 |
Yield (%) |
3.61 |
4.19 |
Romania's finance ministry aims to sell domestic debt worth 5.06 billion lei in October, including 660 million lei at non-competitive tenders.
Year-to-date, the ministry has sold some 58.5 billion lei and 645 million euro ($763 million) worth of government bills and bonds and has tapped foreign markets for 6.3 billion euro of 2026, 2030, 2032 and 2050 Eurobonds.
It also sold 10-year dollar-denominated bonds worth $1.3 billion and $2 billion of 30-year bonds on the external market.
(1 euro=4.8746 lei)