Romania sells 589.2 mln lei of April 2031 bonds

Kitco Media
By Reuters
Published:
Updated:
Reuters
March 9 (Reuters) - Romania's finance ministry sold a more than planned 589.2 million lei ($126.77 million) worth of April 2031 bonds on Thursday, at an average accepted yield of 7.59%, central bank data showed. Debt managers, who had planned to sell 400.0 million lei of the April 2031 paper last tendered them in February at an average yield of 7.48%.


Series: RO1JS63DR5A5
Issue date 13/03/2023 13/02/2023 Auction date 09/03/2023 09/02/2023 Maturity 28/04/2031 28/04/2031 Avg.yield (%) 7.59 7.48 Avg. accepted price 98.5487 99.1534 Highest accepted yield 7.59 7.50 (%)
Tail (highest yield 0.00 0.02 minus average yield)
Total bids 1.36 bln lei 1.22 bln lei Allotted 589.2 mln lei 565.0 mln lei Bid-to-cover ratio 2.3 2.2
($1 = 4.6478 lei) (Reporting by Mateusz Rabiega and Patrycja Zaras in Gdansk)

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