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Romania sells 101 mln euro of 2024 T-bills, on target

Dec 7, 2023, 4:26:54 PMArticle by Bogdan Todasca
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December 7 (SeeNews) - Romania sold on Thursday 500 million lei ($108.4 million/100.7 million euro) worth of discount Treasury bills maturing on June 26, 2024, right on target, central bank data showed.

Romania sells 101 mln euro of 2024 T-bills, on target
National Bank of Romania. Author: Doinita Dolapchieva. Licence: All Rights Reserved.

The average accepted yield at the auction came in at 6.04%, while demand totalled 627.2 million lei, the data published by the central bank indicated.

Details of the issue follow:

Auction date December 7, 2023
Amount offered (mln lei) 500.0
Amount sold (mln lei) 500.0
Total bids placed (mln lei) 627.2
Bid-to-cover ratio 1.25
Yield (%) 6.04

Romania has sold approximately 114.337 billion lei worth of government securities year-to-date.

(1 euro=4.9679 lei)

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