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Romania sells 465 mln euro of 11-mo T-bills, above target

Jun 13, 2024, 5:08:07 PMArticle by Bogdan Todasca
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June 13 (SeeNews) - Romania's finance ministry sold on Thursday 2.312 billion lei ($502 million/464.5 million euro) worth of discount Treasury bills maturing on May 28, 2025, way above target, central bank data showed.

Romania sells 465 mln euro of 11-mo 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 3.01 billion lei, the data indicated.

Details of the issue follow:

Auction date June 13, 2024
Amount offered (mln lei) 600.0
Amount sold (mln lei) 2,312.4
Total bids placed (mln lei) 3,010.4
Bid-to-cover ratio 1.3
Yield (%) 6.02

So far this year, Romania has sold some 57.969 billion lei of government securities.

(1 euro=4.9772 lei)

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