off-the-wire

Romania sells 400 mln lei of Nov 2024 bonds and 883 mln lei of April 2030 bonds

Kitco Media
By Reuters
Published:
Updated:
Reuters
March 20 (Reuters) - Romania's finance ministry sold a planned 400.0 million lei ($87.17 million) worth of November 2024 bonds and a more than planned 883.0 million lei ($192.42 million) worth of April 2030 bonds on Monday, at an average accepted yield of 6.86% and 7.32% respectively central bank data showed. Debt managers, who had planned to sell 400.0 million lei of the November 2024 paper, last tendered them in February at an average yield of 7.02%. They also planned to sell 400.0 million lei of the April 2030 paper. Romania last tendered similar bonds in February at an average yield of 7.62%.


Series: RO0TLVC1MCW4
Issue date 22/03/2023 13/02/2023 Auction date 20/03/2023 09/02/2023 Maturity 25/11/2024 25/11/2024 Avg.yield (%) 6.86 7.02 Avg. accepted price 95.1105 94.5979 Highest accepted yield 6.87 7.06 (%)
Tail (highest yield 0.01 0.04 minus average yield)
Total bids 816.6 mln lei 620.4 mln lei Allotted 400.0 mln lei 415.4 mln lei Bid-to-cover ratio 2.04 1.49



Series: ROXL7LTQZ66
Issue date 22/03/2023 15/02/2023 Auction date 20/03/2023 13/02/2023 Maturity 29/04/2030 29/04/2030 Avg.yield (pct) 7.32 7.62 Avg. accepted price 103.6516 101.9994 Highest accepted yield 7.33 7.64 Tail (highest yield 0.01 0.02 minus average yield)
Total bids 1.71 bln lei 649.3 mln lei Allotted 883.0 mln lei 363.5 mln lei Bid-to-cover ratio 1.93 1.79
($1 = 4.5889 lei) (Reporting by Patrycja Zaras and Mateusz Rabiega in Gdansk)

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