January 19 (SeeNews) - Romania on Thursday sold 4.19 billion lei ($921 million/851 million euro) worth of Treasury bonds maturing on July 25 2029, above the planned amount, central bank data showed.
The average accepted yield was 7.38%, compared to 8.00% achieved at the previous auction of government securities of the same issue held in December, the data indicated.
Demand for the T-notes, which carry an annual coupon of 4.85%, was 4.66 billion lei, compared to 657.4 million lei at the previous auction.
The issue will be reopened on Monday, when the finance ministry hopes to raise 75 million lei in a non-competitive tender.
Details on the issue follow:
Auction date |
January 19 |
December 22 |
Amount offered (mln lei) |
500.0 |
400.0 |
Amount sold (mln lei) |
4,194.6 |
583.6 |
Total bids placed (mln lei) |
4,659.6 |
657.4 |
Bid-to-cover ratio |
1.11 |
1.13 |
Yield (%) |
7.38 |
8.00 |
Romania's finance ministry intends to sell 5.35 billion lei worth of government securities in January, including 645 million lei in non-competitive offers.
So far this year, Romania has sold approximately 13.2 billion lei worth of debt paper.
(1 euro=4.9293 lei)