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BUCHAREST (Romania), October 14 (SeeNews) - Romania's finance ministry sold on Monday 658 million lei ($153 million/138 million euro) of Treasury bonds maturing on September 25 2023, in line with target, data from the country's central bank showed.
The average accepted yield fell to 3.74% from 3.76% 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 4.40%, rose to 704 million lei from 525.1 million lei at the September auction.
The issue will be reopened on Tuesday when the finance ministry hopes to raise 75 million lei in a non-competitive tender.
Details on the issue follow:
|Auction date||October 14||September 16|
|Amount offered (mln lei)||500.0||500.0|
|Amount sold (mln lei)||658.0||500.0|
|Total bids placed (mln lei)||704.0||525.1|
Since the beginning of 2019, the finance ministry has sold roughly 38 billion lei and 507 million euro ($568 million) worth of domestic government securities.
It also tapped foreign markets for 5 billion euro worth of 2026, 2031, 2034 and 2049 Eurobonds.
(1 euro=4.7536 lei)