BUCHAREST (Romania), March 26 (SeeNews) - Romania's finance ministry sold on Thursday sold a total 1.366 billion lei ($309 million/283 million euro) of Treasury notes maturing in 2023 and 2025, data from the country's central bank showed.
The average accepted yield for the notes maturing on June 28, 2023 was 3.70% while demand totaled 705.8 million lei, the data indicated. The finance ministry offered 200 million lei and sold an above target 460.8 million lei.
The issue will be reopened on Friday when the finance ministry hopes to raise 30 million lei in a non-competitive tender.
The finance ministry also sold 906 million lei of a 600 million lei bonds issue maturing on July 28, 2025. The average accepted yield was 3.98% while demand totaled 1.111 billion lei, the data indicated.
This issue will too be reopened on Friday, when the finance ministry hopes to raise 90 million lei in a non-competitive tender.
Details on the issues follow:
||June 28, 2023
||July 28, 2025
|Amount offered (mln lei)
|Amount sold (mln lei)
|Total bids placed (mln lei)
The finance ministry intends to sell 5 billion lei worth of government securities in March, including 600 million lei in non-competitive offers.
So far this year, Romania has sold almost 18 billion lei and 150 million euro of debt and tapped foreign markets for 3 billion euro worth of 2032 and 2050 Eurobonds.
(1 euro=4.8345 lei)