Romania sells 447.0 million lei of September 2031 bonds, sells 375.7 million lei of 11-month T-Bills

(Reuters) – Romania sold a more than planned 447.0 million lei ($93.25 million) worth of September 2031 bonds and a less than planned 375.7 million lei ($78.38 million) worth of 11-month treasury bills on Thursday, with the average accepted yield of 7.68% and 7.45% respectively, central bank data showed.

Debt managers, who had planned to sell 200 million lei of the 2031 bonds, last tendered them in January at an average yield of 5.45%. They had also planned to sell 400 million lei of the new 11-month treasury bills. Romania last sold similar bills in July at an average yield of 8.85%.

Series: RO1631DBN055

Issue date 22/08/2022 17/01/2022

Auction date 18/08/2022 13/01/2022

Maturity 24/09/2031 24/09/2031

Avg.yield (pct) 7.68 5.45

Avg. accepted price 74.2738 86.7072

Highest accepted yield 7.73 5.45

Tail (highest yield 0.05 0.00

minus average yield)

Total bids 726.0 mln lei 1.98 bln lei

Allotted 447.0 mln lei 915.0 mln lei

Bid-to-cover ratio 1.6 2.2

Series: RO53F6J1MOK3 RO9H9DETZFW6

Issue date 22/08/2022 11/07/2022

Auction date 18/08/2022 07/07/2022

Maturity 26/07/2023 26/06/2023

Avg.yield (pct) 7.45 8.85

Avg. accepted price 93.4700 92.0776

Highest accepted yield 7.60 8.89

Tail (highest yield 0.15 0.04

minus average yield)

Total bids 448.5 mln lei 785.8 mln lei

Allotted 375.7 mln lei 688.7 mln lei

Bid-to-cover ratio 1.19 1.14

($1 = 4.7935 lei)

(Reporting by Antonis Pothitos and Mateusz Rabiega in Gdansk)