January 23 (SeeNews) - Romania sold on Thursday a planned 300 million lei ($70 million/63 million euro) worth of Treasury bonds maturing on October 11 2034, central bank data showed.
The average accepted yield fell to 4.78% from 5.07% achieved at the previous auction of government securities of the same issue held in December, the data indicated.
Demand for the T-notes, which carry an annual coupon of 4.75%, rose to 539.9 million lei from 223.2 million lei at the December 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 |
January 23 |
December 2 |
| Amount offered (mln lei) |
300.0 |
200.0 |
| Amount sold (mln lei) |
300.0 |
188.2 |
| Total bids placed (mln lei) |
535.9 |
223.2 |
| Bid-to-cover ratio |
1.8 |
1.2 |
| Yield (%) |
4.78 |
5.07 |
So far this year, Romania has sold almost 4.9 billion lei of debt.
1 euro=4.7790 lei)