January 16 (SeeNews) - Romania on Wednesday sold 83.5 million euro ($95.2 million) worth of Treasury notes maturing on December 13, 2023, below the initial target, central bank data showed.
The average accepted yield was 0.97%, up from 0.95% achieved in the previous auction of government securities of the same issue held in December, the data indicated.
Demand for the Treasury notes, which carry an annual coupon of 1%, fell to 132.2 million euro from 374.5 million euro in the December auction.
Details on the issue follow:
Auction date |
Jan 16 |
Dec 13 |
Amount offered (mln euro) |
100.0 |
200.0 |
Amount sold (mln euro) |
83.5 |
251.5 |
Total bids placed (mln euro) |
132.2 |
374.5 |
Bid-to-cover ratio |
1.32 |
1.87 |
Yield (%) |
0.97 |
0.95 |
Romania's finance ministry plans to auction 3.26 billion lei ($794 million/696 million euro) worth of government securities in January, including 360 million lei in non-competitive offers.
In 2018, the finance ministry has sold roughly 43 billion lei of government securities and has raised 3.75 billion euro on international markets from the sale of 2028 and 2030 Eurobonds, as well as $1.2 billion of 2048 dollar bonds.
Since the beginning of 2019, the finance ministry has sold roughly 1 billion lei and 83.5 million euro.
($=0.8769 euro)