February 23 (SeeNews) - Romania on Thursday sold 300 million lei ($69.6 million/66.3 million euro) of Treasury notes maturing on July 26, 2027, in line with target, central bank data showed.
The average accepted yield at the auction rose to 4.07% from 3.96% at the previous 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 5.80%, rose to 391.1 million lei from 194.8 million lei in January.
The issue will be reopened on Friday when the finance ministry hopes to raise 45 million lei in a non-competitive tender.
Details about the issue follow:
Auction date |
February 23 |
January 30 |
Amount offered (mln lei) |
300.0 |
300.0 |
Amount sold (mln lei) |
300.0 |
146.8 |
Total bids placed (mln lei) |
391.1 |
194.8 |
Bid-to-cover ratio |
1.30 |
1.30 |
Yield (%) |
4.07 |
3.96 |
Romania's finance ministry plans to sell 3.9 billion lei worth of government securities in February, according to the debt issuance calendar for the month. The ministry also plans to sell an additional 315 million lei of government paper in non-competitive offers.
The finance ministry has sold some 6.8 billion lei worth of leu bills and bonds this year. In January, the ministry sold 3.125 billion lei in domestic debt paper and an additional 315 million lei in non-competitive offers, in line with target.
In 2016, the finance ministry sold roughly 45 billion lei in leu-denominated government securities and 775 million euro in euro-denominated domestic debt and raised 3.25 billion euro on global markets.
(1 euro=4.5190 lei)