February 20 (SeeNews) - Romania on Monday sold out a planned 1 billion lei ($235 million/221 million euro) issue of one-year Treasury bills, central bank data showed.
The average accepted yield at the auction was 0.95%, the data indicated.
Demand for the government securities which will mature on February 21, 2018, totalled 1.31 billion lei.
Details about the issue follow:
Auction date |
February 20 |
Amount offered (mln lei) |
1,000.0 |
Amount sold (mln lei) |
1,000.0 |
Total bids placed (mln lei) |
1,313.9 |
Bid-to-cover ratio |
1.31 |
Yield (%) |
0.95 |
Romania's finance ministry plans to sell 3.9 billion lei worth of government securities in February, according to the debt issuance calendar for the month. The ministry also plans to sell an additional 315 million lei of government paper in non-competitive offers.
The finance ministry has sold some 6.5 billion lei worth of leu bills and bonds this year. In January, the ministry sold 3.125 billion lei in domestic debt paper and an additional 315 million lei in non-competitive offers, in line with target.
In 2016, the finance ministry sold roughly 45 billion lei in leu-denominated government securities and 775 million euro in euro-denominated domestic debt and raised 3.25 billion euro on global markets.
(1 euro=4.5244 lei)