December 8 (SeeNews) - Romania sold on Thursday 301.3 million lei ($64 million/61 million euro) worth of new Treasury bills maturing on November 29 2023, above target, central bank data showed.
The average accepted yield was 6.99%, while demand totaled 390.1 million lei, the data indicated.
Also on Thursday, the finance ministry sold 478 million lei of Treasury bonds maturing on October 11 2034, above the planned amount.
Details on the issue follow:
Auction date |
December 8 |
Amount offered (mln lei) |
200 |
Amount sold (mln lei) |
301.3 |
Total bids placed (mln lei) |
390.1 |
Bid-to-cover ratio |
1.3 |
Yield (%) |
6.99 |
Romania's finance ministry intends to sell 5 billion lei worth of government securities in December, including 630 million lei in non-competitive offers.
So far this year, Romania has sold just roughly 58.8 billion lei and 1 billion euro ($1.05 billion) worth of bonds and bills. It has also has tapped foreign markets for 2.5 billion euro worth of 2028 and 2034 Eurobonds, as well as $3.85 billion worth of dollar bonds.
(1 euro=4.9192 lei)