Romania sold on Thursday 1.84 billion lei ($396.9 million/374.4 million euro) worth of two Treasury bond issues maturing in 2032 and 2026, respectively, central bank data showed.
The finance ministry sold 933.8 million lei worth of T-bonds maturing on September 29, 2032, above the 500 million lei target for that issue, according to a central bank data release.
The average accepted yield was 7.74%, compared to 7.39% achieved at the previous auction of government securities of the same issue held in January. Demand for the government securities, which carry an annual coupon of 8.25%, sank to 1.434 billion lei from 4.625 billion lei at the previous auction.
The finance ministry also sold 905.4 million lei worth of government bonds maturing on June 24, 2026, above the 500 million lei target.
The average accepted yield decreased to 7.28% from 9.47% achieved at the previous auction of government bonds of the same issue held in October. Demand for the T-bonds carrying an annual coupon of 3.25% soared to 1.2 billion lei from 493 million lei at the previous auction.
Both issues will be reopened on Monday, when the finance ministry hopes to raise an additional 75 million lei from each through a non-competitive tender.
Details follow:
Maturity |
Sept 29, 2032 |
June 24 2026 |
Amount offered (mln lei) |
500.0 |
500.0 |
Amount sold (mln lei) |
933.8 |
905.4 |
Total bids placed (mln lei) |
1,433.5 |
1,200.4 |
Bid-to-cover ratio |
1.54 |
1.33 |
Yield (%) |
7.74 |
7.28 |
So far this year, Romania has sold approximately 28.551 billion lei worth of government securities.
(1 euro=4.9115 lei)