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BUCHAREST (Romania), December 12 (SeeNews) - Romania's finance ministry sold on Thursday 500 million lei ($116.4 million/105 million euro) of Treasury bonds maturing on September 25 2023, in line with target, data from the country's central bank showed.
The average accepted yield rose to 4.12% from 4.07% achieved at the previous auction of government securities of the same issue held earlier this month the data indicated.
Demand for the T-notes, which carry an annual coupon of 4.40%, fell to 1.568 billion lei from 1.754 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.
Details on the issue follow:
|Auction date||December 12||December 5|
|Amount offered (mln lei)||500.0||500.0|
|Amount sold (mln lei)||500.0||1,160.0|
|Total bids placed (mln lei)||1,568.5||1,754.1|
Since the beginning of 2019, the finance ministry has sold roughly 48.6 billion lei and 1.2 billion euro worth of domestic government securities.
It also tapped foreign markets for 5 billion euro worth of 2026, 2034 and 2049 Eurobonds.
(1 euro=4.7791 lei)