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Romania sells 310.7 mln euro of 1-yr T-bills, above target

Apr 8, 2024, 2:37:02 PMArticle by Alexandru Cristea
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April 8 (SeeNews) - Romania sold on Monday 1.544 billion lei ($336.4 million/310.7 million euro) worth of discount Treasury bills maturing on March 26, 2025, above target, central bank data showed.

Romania sells 310.7 mln euro of 1-yr T-bills, above target
National Bank of Romania Source: BNR

The average accepted yield at the auction came in at 6.02%, with demand totalling 1.841 billion lei, the data indicated.

Details of the issue follow:

Auction date April 8, 2024
Amount offered (mln lei) 400.0
Amount sold (mln lei) 1,543.6
Total bids placed (mln lei) 1,841.2
Bid-to-cover ratio 1.2
Yield (%) 6.02

So far this year, Romania has sold some 33.495 billion lei of government securities.

(1 euro=4.9678 lei)

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