February 1 (SeeNews) - Romania on Thursday sold a less than planned 247.1 million lei ($66 million/53 million euro) of Treasury notes maturing on October 27, 2021, central bank data showed.
The average accepted yield rose to 3.76% from 3.63% achieved at the last auction of government securities of the same issue held in January, the data indicated.
Demand for the T-notes, which carry an annual coupon of 4%, fell to 324.1 million lei from 933.9 million lei at the auction in January.
The issue will be reopened on Friday when the finance ministry hopes to raise 60 million lei in a non-competitive tender.
Details on the issue follow:
Auction date |
Feb 1 |
Jan 15 |
Amount offered (mln lei) |
400.0 |
400.0 |
Amount sold (mln lei) |
247.1 |
700.0 |
Total bids placed (mln lei) |
324.1 |
933.9 |
Bid-to-cover ratio |
0.81 |
1.33 |
Yield (%) |
3.76 |
3.63 |
Romania's finance ministry plans to auction 4.4 billion lei worth of government securities and to sell an additional 540 million lei in non-competitive offers in January.
(1 euro=4.6551 lei)