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Romania sells above target 567.5 mln lei (112 mln euro) in 2027 treasury bonds - table

Romania sells above target 567.5 mln lei (112 mln euro) in 2027 treasury bonds - table Romania's finance ministry

BUCHAREST (Romania), June 20 (SeeNews) - Romania on Monday sold 567.5 million lei ($121 million/115 million euro) worth of Treasury bonds maturing in 2027, above initial target, central bank data showed.

The average accepted yield was 9.23%, higher compared to 6.37% achieved at the previous auction of government securities of the same issue held in April, the data indicated.

Demand for the T-notes, which carry an annual coupon of 2.50% was 589.5 million lei, compared to 280 million lei at the previous auction.

The issue will be reopened on Tuesday, when the finance ministry hopes to raise 75 million lei in a non-competitive tender.

Details on the issue follow:

Auction date: June 20 April 7
Issue date: June 22 April 11
Maturity October 25 2027
Amount offered (mln lei) 500.0 300.0
Amount sold (mln lei) 567.5 196.0
Total bids placed (mln lei) 589.5 280.0
Bid-to-cover ratio 1.04 1.43
Yield (%) 9.23 6.37

Romania's finance ministry said it intends to sell 4.5 billion lei worth of government securities in June, including 555 million lei worth of debt in non-competitive offers.

So far this year, Romania has sold just roughly 21.6 billion lei worth of bonds and has tapped foreign markets for 2.5 billion euro ($2.63 billion) worth of 2028 and 2034 eurobonds, as well as $3.85 billion worth of dollar bonds.

(1 euro=4.9448 lei)

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