BUCHAREST (Romania), September 20 (SeeNews) - Romania's finance ministry on Monday sold 706 million lei ($167 million/143 million euro) auction of Treasury bonds maturing on January 26 2028, below initial target, data from the country's central bank showed.
The average accepted yield for the tender rose to 3.65% from 3.08% achieved at the previous auction of government securities of the same issue held in June, the data indicated.
Demand for the T-notes, which carry an annual coupon of 4.15%, fell to 1.2 billion lei from 434.3 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:
|Amount offered (mln lei)
|Amount sold (mln lei)
|Total bids placed (mln lei)
Romania's finance ministry intends to sell 4.4 billion lei worth of government securities in September, including 405 million lei in non-competitive offers.
Year-to date, the finance ministry has sold government bills and bonds worth 41 billion lei and 1.6 billion euro ($1.9 billion) and has tapped foreign markets for 7 billion euro worth of 2030, 2033 and 2041 Eurobonds.
(1 euro=4.9481 lei)