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Romania sells 682 mln euro of T-bills, above target

May 23, 2024, 4:23:39 PMArticle by Bogdan Todasca
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May 23 (SeeNews) - Romania's finance ministry sold on Thursday 3.393 billion lei ($739.4 million/681.9 million euro) worth of discount Treasury bills maturing on November 27, 2024, way above target, central bank data showed.

Romania sells 682 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 3.650 billion lei, the data indicated.

Details of the issue follow:

Auction date May 23, 2024
Amount offered (mln lei) 300.0
Amount sold (mln lei) 3,393.3
Total bids placed (mln lei) 3,650.8
Bid-to-cover ratio 1.08
Yield (%) 6.03

So far this year, Romania has sold some 48.522 billion lei of government securities.

(1 euro=4.9757 lei)

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