May 15 (Reuters) - Romania sold more than planned 1.54
billion lei ($344.80 million) worth of October 2028 bonds on
Monday at an average accepted yield of 6.85%, central bank data
showed.
Debt managers who had planned to sell 700 million lei of the
October 2028 bonds, last tendered them in April at an average
yield of 7.15%.
Series: ROZBOC49UO96
Issue date 17/05/2023 02/05/2023
Auction date 15/05/2023 27/04/2023
Maturity 30/10/2028 30/10/2028
Avg.yield (%) 6.85 7.15
Avg. accepted price 108.3371 106.9996
Highest accepted yield 6.89 7.17
Tail (highest yield 0.04 0.02
minus average yield)
Total bids 1.84 bln lei 951.8 mln lei
Allotted 1.54 bln lei 833.8 mln lei
Bid-to-cover ratio 1.2 1.1
($1 = 4.4664 lei)
(Reporting by Patrycja Zaras, Adrianna Ebert and Anna Banacka
in Gdansk)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.