August 9 (SeeNews) - Romania's finance ministry on Thursday sold out a new issue of 350.5 million lei ($88 million/75 million euro) of one-year Treasury bills, central bank data showed.
The average accepted yield at the auction was 3.31%, the data indicated.
Demand for the government securities, which will mature on August 12 2019, totaled 543.8 million lei.
Details on the issue follow:
Auction date |
August 9 |
Amount offered (mln lei) |
300.0 |
Amount sold (mln lei) |
350.5 |
Total bids placed (mln lei) |
543.8 |
Bid-to-cover ratio |
1.81 |
Yield (%) |
3.31 |
Since the beginning of 2018, the finance ministry has sold roughly 22 billion lei and has raised 2 billion euro on international markets from the sale of 2028 and 2030 Eurobonds, as well as $1.2 billion of 2048 dollar bonds.
The ministry plans to auction 2.8 billion lei worth of government securities in August, including 330 million lei in non-competitive offers.
(1 euro=4.6250 lei)