February 11 (SeeNews) - Romania sold on Monday 334.1 million lei ($80 million/70 million euro) worth of Treasury notes maturing on April 22, 2026, above initial target, central bank data showed.
The average accepted yield fell to 4.50% from 4.51% achieved at the previous auction of government securities of the same issue held in January, the data indicated.
Demand for the T-notes, which carry an annual coupon of 4.85%, rose to 506.6 million lei from 333 million lei at the December auction.
The issue will be reopened on Tuesday when the finance ministry hopes to raise 45 million lei in a non-competitive tender.
Details on the issue follow:
Auction date |
February 11 |
January 10 |
Amount offered (mln lei) |
300.0 |
400.0 |
Amount sold (mln lei) |
334.1 |
246.0 |
Total bids placed (mln lei) |
506.6 |
333.0 |
Bid-to-cover ratio |
1.69 |
0.62 |
Yield (%) |
4.50 |
4.51 |
So far this year, Romania has sold roughly 2.5 billion lei
and 83.5 million euro ($94.6 million).
(1 euro=4.7437 lei)