Romania sells 586.0 mln lei of Sept. 2032 bonds, 423.4 mln lei of one-year treasury bills

Kitco Media
By Reuters
Published:
Updated:
Reuters
March 16 (Reuters) - Romania sold a more than planned 586.0 million lei ($126.39 million) worth of September 2032 bonds and a more than planned 423.4 million lei ($91.32 million) of one-year treasury bills on Thursday at an average accepted yield of 7.51% and 6.70% respectively, central bank data showed. Debt managers who had planned to sell 400 million lei of the September 2032 paper last sold them in February at an average yield of 7.74%.


They had also planned to sell 400 million lei of the 1-year treasury bills. Romania last sold them in February at an average yield of 6.96%.
Series ROUI63LAZET1 ROMPCKDNV8B9 Issue date 20/03/2023 20/02/2023 Auction date 16/03/2023 16/02/2023 Maturity 28/02/2024 29/01/2024 Avg.yield (pct) 6.70 6.96 Avg. accepted price 93.9633 93.7793 Highest accepted yield 6.75 7.00 Tail (highest yield 0.05 0.04 minus average yield)
Total bids 504.7 mln lei 391.0 mln lei Allotted 423.4 mln lei 250.5 mln lei Bid-to-cover ratio 1.2 1.6
Series: RO52CQA3C829
Issue date 20/03/2023 27/02/2023 Auction date 16/03/2023 23/02/2023 Maturity 29/09/2032 29/09/2032 Avg.yield (pct) 7.51 7.74 Avg. accepted price 104.8200 103.3070 Highest accepted yield 7.51 7.75 Tail (highest yield 0.00 0.01 minus average yield)
Total bids 1.61 bln lei 1.43 bln lei Allotted 586.0 mln lei 933.8 mln lei Bid-to-cover ratio 2.7 1.5
($1 = 4.6365 lei) (Reporting by Maria Gieldon, Adrianna Ebert and Mateusz Rabiega in Gdansk)

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