June 4 (SeeNews) - Romania's finance ministry sold on Thursday sold a total 2.19 billion lei ($507 million/453 million euro) of Treasury notes maturing in 2023 and 2027, data from the country's central bank showed.
The average accepted yield for the notes maturing on October 25, 2023 was 3.70% while demand totaled 1 billion lei, the data indicated. The finance ministry offered 500 million lei and sold an above target 866 million lei.
The issue will be reopened on Friday when the finance ministry hopes to raise 75 million lei in a non-competitive tender.
The finance ministry also sold 1.325 billion lei of a 700 million lei bonds issue maturing on July 28, 2025. The average accepted yield was 3.79% while demand totaled 3.295 billion lei, the data indicated.
This issue will too be reopened on Friday, when the finance ministry hopes to raise 105 million lei in a non-competitive tender.
Details on the issue follow:
Auction date |
June 4 |
June 4 |
Amount offered (mln lei) |
500.0 |
700.0 |
Amount sold (mln lei) |
866.0 |
1,325.0 |
Total bids placed (mln lei) |
1,001.0 |
3,295.5 |
Bid-to-cover ratio |
2.00 |
4.70 |
Yield (%) |
3.70 |
3.79 |
The finance ministry intends to sell 5 billion lei worth of government securities in June, including 510 million lei in non-competitive offers.
Year-to-date, the ministry has sold some 33.4 billion lei and 150 million euro worth of government bills and bonds and has tapped foreign markets for 6.3 billion euro of 2026, 2030, 2032 and 2050 Eurobonds
(1 euro=4.8387 lei)