Debt managers, who had planned to sell 500.0 million lei of
the November 2024 paper, last tendered them in December at an
average yield of 7.05%.
They also planned to sell 300.0 million lei of the April
2031 paper. Romania last tendered similar bonds in October at an
average yield of 9.23%.
Series: RO0TLVC1MCW4
Issue date 13/02/2023 14/12/2022
Auction date 09/02/2023 12/12/2022
Maturity 25/11/2024 25/11/2024
Avg.yield (%) 7.02 7.05
Avg. accepted price 94.5979 94.0963
Highest accepted yield 7.06 7.12
(%)
Tail (highest yield 0.04 0.07
minus average yield)
Total bids 620.4 mln lei 548.0 mln lei
Allotted 415.4 mln lei 448.0 mln lei
Bid-to-cover ratio 1.5 1.2
Series: RO1JS63DR5A5 ROINPAL298G4
Issue date 13/02/2023 02/11/2022
Auction date 09/02/2023 31/10/2022
Maturity 28/04/2031 24/10/2030
Avg.yield (pct) 7.48 9.23
Avg. accepted price 99.1534 72.1627
Highest accepted yield 7.50 9.25
Tail (highest yield 0.02 0.02
minus average yield)
Total bids 1.22 bln lei 636.9 mln lei
Allotted 565.0 mln lei 475.3 mln lei
Bid-to-cover ratio 2.2 1.3
($1 = 4.5416 lei)
(Reporting by Karol Badohal and Anna Banacka in Gdansk)
Feb 9 (Reuters) - Romania's finance ministry sold a less
than planned 415.4 million lei ($91.47 million) worth of
November 2024 bonds and a more than planned 565.0 million lei
($124.41 million) worth of April 2031 bonds on Thursday, at an
average accepted yield of 7.02% and 7.48% respectively central
bank data showed.
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