April 23 (SeeNews) - Romania on Monday sold 493.1 million lei ($130 million/106 million euro) of Treasury notes maturing on June 28, 2023, below initial target, central bank data showed.
The average accepted yield fell to 4.27% from 4.30% achieved at the last auction of government securities of the same issue held in March, the data indicated.
Demand for the T-notes, which carry an annual coupon of 4.25%, rose to 533.1 million lei from 410.6 million lei at the auction in March.
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 |
April 23 |
March 15 |
Amount offered (mln lei) |
500.0 |
400.0 |
Amount sold (mln lei) |
493.1 |
400.0 |
Total bids placed (mln lei) |
533.1 |
410.6 |
Bid-to-cover ratio |
1.07 |
1.03 |
Yield (%) |
4.27 |
4.30 |
Romania's finance ministry plans to auction 3.82 billion lei worth of government securities, including 420 million lei in non-competitive offers in April.
Since the beginning of 2018, the finance ministry has sold roughly 12.4 billion lei and 252 million euro worth of domestic debt and has raised 2 billion euro on international markets from the sale of 2028 and 2030 Eurobonds.
(1 euro=4.6563 lei)