Romania sells 456.0 mln lei of April 2036 bonds and 718.0 mln lei of April 2030 bonds

April 24 (Reuters) - Romania sold a less than planned 456.0 million lei($101.92 million) worth of April 2036 bonds and a more than planned 718.0 million lei of April 2030 bonds on Monday at an average accepted yield of 7.53% and 7.33% respectively, central bank data showed. Debt managers, who had planned to sell 700 million lei of the April 2036 paper last tendered them in March at an average yield of 7.99%.

They had also planned to sell 700 million lei of April 2030 bonds. Romania last sold similar paper in April at an average yield of 7.27%.

Series: RO1J9H39WKT4
Issue date 26/04/2023 6/03/2023 Auction date 24/04/2023 2/03/2023 Maturity 28/04/2036 28/04/2036 Avg.yield (pct) 7.53 7.99 Avg. accepted price 73.3893 70.1936 Highest accepted yield 7.54 8.0 Tail (highest yield 0.01 0.01 minus average yield)
Total bids 598.5 mln lei 1.14 bln lei Allotted 456.0 mln lei 665.0 mln lei Bid-to-cover ratio 1.31 1.71
Series:ROXL7LTQZ66
Issue date 26/04/2023 10/04/2023 Auction date 24/04/2023 6/4/2023 Maturity 29/04/2030 29/04/2030 Avg.yield (pct) 7.33 7.27 Avg. accepted price 103.5528 103.9063 Highest accepted yield 7.34 7.28 Tail (highest yield 0.01 0.01 minus average yield)
Total bids 1.15 bln lei 968.5 mln lei Allotted 718.0 mln lei 738.0 mln lei Bid-to-cover ratio 1.61 1.31
($1 = 4.4739 lei) (Reporting by Anna Banacka and Adrianna Ebert in Gdansk)

Reuters

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off-the-wire

Romania sells 456.0 mln lei of April 2036 bonds and 718.0 mln lei of April 2030 bonds

By Reuters

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