March 22 (SeeNews) - Romania on Monday sold a planned 400 million lei ($98 million/82 million euro) worth of Treasury notes issue maturing on November 25 2024, central bank data showed.
The average accepted yield rose to 2.40% from 2.39% achieved at the previous auction of government securities of the same issue held earlier this month, the data indicated.
Demand for the T-notes, which carry an annual coupon of 3.70%, rose to 704.5 million lei from 691.3 million lei at the previous auction.
The issue will be reopened on Tuesday when the finance ministry hopes to raise 60 million lei in a non-competitive tender.
Details on the issue follow:
Auction date |
March 22 |
March 11 |
Amount offered (mln lei) |
400.0 |
400.0 |
Amount sold (mln lei) |
400.0 |
425.3 |
Total bids placed (mln lei) |
704.5 |
691.3 |
Bid-to-cover ratio |
1.8 |
1.6 |
Yield (%) |
2.40 |
2.39 |
Romania's finance ministry intends to sell 3.85 billion lei worth of government securities in March, including 450 million lei in non-competitive offers.
So far this year, the finance ministry has sold some 15.8 billion lei and 1.48 billion euro ($1.76 billion) worth of government bills and bonds.
(1 euro=4.8850 lei)