BUCHAREST (Romania), January 13 (SeeNews) - Romania sold on Thursday 915 million lei ($212 million/185 million euro) worth of Treasury bonds maturing on September 24, 2031, above initial target, central bank data showed.
The average accepted yield was 5.45%, compared to 5.43% 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 3.65%, rose to 1.976 billion lei from 1.112 billion lei at the previous auction.
The issue will be reopened on Friday, when the finance ministry hopes to raise 75 million lei in a non-competitive tender.
Also on Thursday, the finance ministry rejected all bids in a 300 million lei auction of T-bills maturing on January 16 2023.
Details on the issue follow:
|Amount offered (mln lei)
|Amount sold (mln lei)
|Total bids placed (mln lei)
Romania's finance ministry said it intends to sell 5 billion lei worth of government securities in January, including 615 million lei in non-competitive offers.
So far this year, Romania has sold roughly 2.2 billion lei in government bonds.
(1 euro=4.9435 lei)