January 25, 2018 / 11:51 AM / 9 months ago

Romania sells planned 500 mln lei of Oct. 2020 bonds

    BUCHAREST, Jan 25 (Reuters) - Romania sold a planned 500
million lei ($132.98 million) worth of Oct. 2020 treasury bonds
on Thursday, at an average accepted yield of 3.4 percent,
central bank data showed.   
    Debt managers last sold the paper in December of last year
at an average yield of 3.38 percent.     
    So far this month, Romania has issued debt worth roughly 3.4
billion lei.   

 Series: RO1720DBN072                        
 Issue date                  29/01/2018      11/12/2017
 Auction date                25/01/2018      07/12/2017
 Maturity                    26/10/2020      26/10/2020
 Avg.yield (pct)               3.40            3.38
 Avg. accepted price          97.1675         97.0721
 Highest accepted yield        3.42            3.40
 Tail (highest yield minus     0.02            0.02
 average yield)                              
 Total bids                  575.4 mln lei   888.8 mln lei  
 Allotted                    500 mln lei     400.0 mln lei  
                                             
 Bid-to-cover ratio            1.2             2.2
 ($1 = 3.7599 lei)

 (Reporting by Luiza Ilie)
  
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