May 17 (SeeNews) - Romania on Thursday sold a planned 500 million lei ($127 million/106 million euro) of Treasury notes maturing on June 28, 2023, central bank data showed.
The average accepted yield rose to 4.59% from 4.30% achieved at the last auction of government securities of the same issue held in April, the data indicated.
Demand for the T-notes, which carry an annual coupon of 4.25%, rose to 676.4 million lei from 533.1 million lei at the auction in April.
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 |
May 17 |
April 23 |
Amount offered (mln lei) |
500.0 |
500.0 |
Amount sold (mln lei) |
500.0 |
493.1 |
Total bids placed (mln lei) |
676.4 |
533.1 |
Bid-to-cover ratio |
1.35 |
1.07 |
Yield (%) |
4.59 |
4.27 |
Romania's finance ministry said it plans to auction 3.84 billion lei worth of government securities, including 435 million lei in non-competitive offers in May.
Since the beginning of 2018, the finance ministry has sold roughly 15.5 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=4.6296 lei)