off-the-wire

Romania sells 665.0 mln lei of April 2036 bonds and 317.0 mln lei of July 2025 bonds

Kitco Media
By Reuters
Published:
Updated:
Reuters
March 2 (Reuters) - Romania sold a more than planned 665.0 million lei ($143.25 million) worth of April 2036 bonds and a less than planned 317.0 million lei ($68.29 million) of 2025 July bonds on Thursday at an average accepted yield of 7.99% and 7.27% respectively, central bank data showed. Debt managers, who had planned to sell 400 million lei of the April 2036 paper last tendered them in February at an average yield of 7.43%.


They had also planned to sell 400 million lei of July 2025 bonds. Romania last sold similar paper in November at an average yield of 7.21%.


Series: RO1J9H39WKT4
Issue date 6/03/2023 6/02/2023 Auction date 2/03/2023 2/02/2023 Maturity 28/04/2036 28/04/2036 Avg.yield (pct) 7.99 7.43 Avg. accepted price 70.1936 73.7521 Highest accepted yield 8.0 7.46 Tail (highest yield 0.01 0.03 minus average yield)
Total bids 1.14 bln lei 1.90 bln lei Allotted 665.0 mln lei 1.08 bln lei Bid-to-cover ratio 1.71 1.76
Series RODD24CXRK47 ROJ0LNOCKHR8 Issue date 6/03/2023 01/03/2023 Auction date 2/03/2023 27/2/2023 Maturity 28/07/2025 25/11/2025 Avg.yield (pct) 7.27 7.21 Avg. accepted price 92.2621 91.0383 Highest accepted yield 7.30 7.23 Tail (highest yield 0.03 0.02 minus average yield)
Total bids 372.0 mln lei 529.3 mln lei Allotted 317.0 mln lei 439.3 mln lei Bid-to-cover ratio 1.17 1.20
($1 = 4.6421 lei) (Reporting by Anna Banacka and Maria Gieldon in Gdansk)

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