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Romania sells above target 550 mln lei (111 mln euro) in 2034 treasury bonds - table

Romania sells above target 550 mln lei (111 mln euro) in 2034 treasury bonds - table Romania's finance ministry

BUCHAREST (Romania), June 23 (SeeNews) - Romania on Thursday sold 550 million lei ($117 million/111 million euro) worth of Treasury bonds maturing in 2034, above initial target, central bank data showed.

The average accepted yield was 9.07%, higher compared to 7.95% achieved at the previous auction of government securities of the same issue held in May, the data indicated.

Demand for the T-notes, which carry an annual coupon of 4.75% was 1.231 billion lei, compared to 906.4 million lei at the previous auction.

The issue will be reopened on Friday, when the finance ministry hopes to raise 45 million lei in a non-competitive tender.

Details on the issue follow:

Auction date: June 23 May 30
Issue date: June 27 May 30
Maturity October 11 2034
Amount offered (mln lei) 300.0 300.0
Amount sold (mln lei) 550.0 615.3
Total bids placed (mln lei) 1,231.0 906.4
Bid-to-cover ratio 2.24 1.47
Yield (%) 9.07 7.95

Romania's finance ministry said it intends to sell 4.5 billion lei worth of government securities in June, including 555 million lei worth of debt in non-competitive offers.

So far this year, Romania has sold just roughly 22.2 billion lei worth of bonds and has tapped foreign markets for 2.5 billion euro ($2.63 billion) worth of 2028 and 2034 eurobonds, as well as $3.85 billion worth of dollar bonds.

(1 euro=4.9464 lei)

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