January 10 (SeeNews) - Romania sold on Monday a lower than planned 413 million lei ($95 million/84 million euro) worth of Treasury bonds maturing on November 25, 2025, central bank data showed.
The average accepted yield was 4.92%, compared to 4.88% 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 3.50%, rose to 455 million lei from 274 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 |
January 10 |
December 6 |
Amount offered (mln lei) |
500.0 |
300.0 |
Amount sold (mln lei) |
413.2 |
125.8 |
Total bids placed (mln lei) |
455.2 |
273.8 |
Bid-to-cover ratio |
1.1 |
2.17 |
Yield (%) |
4.92 |
4.88 |
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 1.23 billion lei in government bonds.
(1 euro=4.9439 lei)