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Romania sells 143 mln euro of T-bills, above target

May 16, 2024, 4:45:42 PMArticle by Alexandru Cristea
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May 16 (SeeNews) - Romania's finance ministry sold on Thursday 711.3 million lei ($155.4 million/143 million euro) worth of discount Treasury bills maturing on April 30, 2025, above target, central bank data showed.

Romania sells 143 mln euro of T-bills, above target
National Bank of Romania Source: BNR

The average accepted yield at the auction came in at 6.03%, with demand totalling 1.078 billion lei, the data indicated.

Details of the issue follow:

Auction date May 16, 2024
Amount offered (mln lei) 300.0
Amount sold (mln lei) 711.3
Total bids placed (mln lei) 1,077.9
Bid-to-cover ratio 1.5
Yield (%) 6.03

So far this year, Romania has sold some 43.869 billion lei of government securities.

(1 euro=4.9756 lei)

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