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Romania sells planned 600 mln lei (121 mln euro) of 2030 T-bonds, yield rises - table

Romania sells planned 600 mln lei (121 mln euro) of 2030 T-bonds, yield rises - table Romania's finance ministry

BUCHAREST (Romania), October 14 (SeeNews) - Romania sold on Thursday 600 million lei ($141 million/121 million euro) worth of Treasury bonds maturing on October 24, 2030, in line with target, central bank data showed.

The average accepted yield was 4.93%, compared to 3.88% achieved at the previous auction of government securities of the same issue held in September, the data indicated.

Demand for the T-notes, which carry an annual coupon of 4.15%, fell to 949 million lei from 1.84 billion lei at the previous auction.

The issue will be reopened on Friday, when the finance ministry hopes to raise 90 million lei in a non-competitive tender.

Also on Thursday, the finance ministry rejected all bids for 400 million lei of new Treasury bills maturing on September 26 2022.

Details on the issue follow:

Auction date October 14 September 16
Amount offered (mln lei) 400.0 500.0
Amount sold (mln lei) 400.0 675.0
Total bids placed (mln lei) 949.0 1,842.8
Bid-to-cover ratio 1.6 2.7
Yield (%) 4.93 3.88

Romania's finance ministry intends to sell 5.6 billion lei worth of government securities in October, including 630 million lei in non-competitive offers.

Year-to date, the finance ministry has sold government bills and bonds worth 43 billion lei and 1.6 billion euro ($1.9 billion) and has tapped foreign markets for 7 billion euro worth of 2030, 2033 and 2041 Eurobonds.

(1 euro=4.9488 lei)