Romania sells 852.6 million lei (173 million euros) above target in new one-year bonds

BUCHAREST (Romania), June 24 (SeeNews) – Romania on Thursday sold 852.6 million lei ($ 207 million / 173 million euros) of new treasury bills due June 27, 2022, above the ‘initial goal, according to central bank data.

The average accepted yield was 1.97%, while the demand amounted to 891.8 million lei, according to the data.

Also on Thursday, the Ministry of Finance sold below the target of 254.9 million lei of Treasury bonds due October 25, 2027.

Details of the problem follow:

Auction date June 24
Amount offered (mln lei) 800.0
Amount sold (mln lei) 862.6
Total bids placed (mln lei) 891.8
Offer / coverage ratio 1.05
Yield (%) 1.97

The Romanian Ministry of Finance intends to sell 5.125 billion lei of government securities in June, including 525 million lei of non-competitive offers.

So far this year, the Ministry of Finance has sold some 28.5 billion lei, 1.48 billion euros ($ 1.76 billion) of government bills and bonds and exploited foreign markets for 3.5 billion euros in 2033 and 2041 Eurobonds.

(1 euro = 4.9242 lei)

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