off-the-wire

Romania sells 601.1 mln lei of Jan 2028 bonds, 733.4 mln lei of April 2031 bonds

Kitco Media
By Reuters
Published:
Updated:
Reuters
April 20 (Reuters) - Romania's finance ministry sold a more than planned 601.1 million lei ($133.45 million) worth of January 2028 bonds and a more than planned 733.4 million lei ($162.82 million) worth of April 2031 bonds on Thursday, at an average accepted yield of 7.31% and 7.40% respectively central bank data showed.


Debt managers, who had planned to sell 500.0 million lei of the January 2028 paper, last tendered them in March at an average yield of 7.29%. They also planned to sell 700.0 million lei of the April 2031 paper. Romania last tendered similar bonds in March at an average yield of 7.59%.


Series: ROAW5KY5CD78
Issue date 24/04/2023 03/04/2023 Auction date 20/04/2023 30/03/2023 Maturity 26/01/2028 26/01/2028 Avg.yield (%) 7.31 7.29 Avg. accepted price 87.6296 87.6113 Highest accepted yield 7.32 7.29 (%)
Tail (highest yield 0.01 0.00 minus average yield)
Total bids 1.19 bln lei 908.0 mln lei Allotted 601.1 mln lei 331.0 mln lei Bid-to-cover ratio 1.98 2.74



Series: RO1JS63DR5A5
Issue date 24/04/2023 13/03/2023 Auction date 20/04/2023 09/03/2023 Maturity 28/04/2031 28/04/2031 Avg.yield (pct) 7.40 7.59 Avg. accepted price 99.7145 98.5487 Highest accepted yield 7.43 7.59 Tail (highest yield 0.03 0.00 minus average yield)
Total bids 868.4 mln lei 1.36 bln lei Allotted 733.4 mln lei 589.2 mln lei Bid-to-cover ratio 1.18 2.3
($1 = 4.5043 lei) (Reporting by Maria Gieldon and Anna Banacka in Gdansk)

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