April 29 (SeeNews) - Romania's finance ministry sold on Monday two issues of government securities worth a total of 961.1 million lei ($207 million/193.2 million euro), central bank data showed.
The finance ministry placed 461.1 million lei worth of T-notes maturing on January 28, 2026, below its 500 million lei target, the central bank said in a data release.
The average accepted yield came in at 6.13%, compared to 6.04% achieved at the previous auction of Treasury paper of the same issue held earlier this month. Demand for the T-notes which have an annual coupon of 6.3%, plummeted to 493.1 million lei from 1.536 billion lei at the previous auction.
The finance ministry also sold on Monday 500 million lei worth of T-bonds maturing on April 25, 2029, right on target.
The average accepted yield rose to 6.56% from 6.36% achieved at the previous auction of bonds of the same issue held earlier this month. Demand for the Treasury bonds that have an annual coupon of 6.3% dropped to 671.8 million lei from 1.238 billion lei at the previous auction.
Both issues will be reopened on Thursday when the finance ministry hopes to raise an additional total of 150 million lei through non-competitive tenders.
Details of the issues follow:
Maturity |
Jan 28, 2026 |
April 25, 2029 |
Amount offered (mln lei) |
500.0 |
500.0 |
Amount sold (mln lei) |
461.1 |
500.0 |
Total bids placed (mln lei) |
493.1 |
671.8 |
Bid-to-cover ratio |
1.07 |
1.34 |
Yield (%) |
6.13 |
6.56 |
Romania has sold approximately 38.245 billion lei worth of government securities year-to-date.
(1 euro=4.9758 lei)