May 14 (SeeNews) - Romania on Monday sold 185.2 million lei ($48 million/40 million euro) auction of Treasury bills due on May 13, 2019, below initial target, central bank data showed.
Demand in the auction amounted to 810.9 million lei, while the average accepted yield was 2.89%.
Also on Monday, in a separate tender, the finance ministry sold 508.3 million lei of Treasury notes due on October 27, 2021, above initial target, central bank data showed.
Details on the issue follow:
Auction date |
May 14 |
Amount offered (mln lei) |
500.0 |
Amount sold (mln lei) |
185.2 |
Total bids placed (mln lei) |
810.9 |
Bid-to-cover ratio |
1.62 |
Yield (%) |
2.89 |
Romania's finance ministry said it plans to auction 3.84 billion lei worth of government securities, including 435 million lei in non-competitive offers in May.
Since the beginning of 2018, the finance ministry has sold roughly 14.5 billion lei and 252 million euro worth of domestic debt and has raised 2 billion euro on international markets from the sale of 2028 and 2030 Eurobonds.
(1 euro=4.6289 lei)