February 8 (SeeNews) - Romania sold on Thursday 386.7 million lei ($102 million/83 million euro) of Treasury notes maturing on April 29, 2024, above target, central bank data showed.
The average accepted yield was 4.35%, while demand stood at 653.7 million lei, the data indicated.
At the last auction of government securities of the same issue held in January Romania rejected all bids.
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 |
Feb 8 |
Jan 22 |
Amount offered (mln lei) |
300.0 |
500.0 |
Amount sold (mln lei) |
386.7 |
0 |
Total bids placed (mln lei) |
653.7 |
289.1 |
Bid-to-cover ratio |
2.18 |
0.58 |
Yield (%) |
4.35 |
- |
Romania's finance ministry plans to auction 3.1 billion lei worth of government securities and to sell an additional 390 million lei in non-competitive offers in February.
In January, it planned to raise 4.94 billion lei from the sale of government securities but only raised 3.4 billion lei.
On Friday, Romania's finance ministry raised 2 billion euro ($2.5 billion) through the sale of 12-year and 20-year Eurobonds, with total demand reaching 5.3 billion euro.
(1 euro=4.6533 lei)