August 25 (SeeNews) - Romania sold on Thursday 800 million lei ($202 million/179 million euro) worth of discount Treasury bills due August 28, 2017, in line with target, central bank data showed.
The average accepted yield on the bills fell to 0.55% from 0.68% at a similar auction, held in July, data published on the bank's website indicated.
Demand for the notes was 3.01 billion lei, up from the 2.15 billion lei achieved at an auction in July.
Details about the issue follow:
Auction date |
August 25 |
July 4 |
Amount offered (mln lei) |
800.0 |
1,000 |
Amount sold (mln lei) |
800.0 |
1,000 |
Total bids placed (mln lei) |
3,010.3 |
2,156.9 |
Bid-to-cover ratio |
3.76 |
0.46 |
Yield (%) |
0.55 |
0.68 |
Romania's finance ministry's issuance plan for August envisages the sale of 4 billion lei in government securities. Also, the ministry plans to sell an additional 435 million lei in non-competitive offers.
In July, Romania issued debt worth 3.23 billion lei and 255 million lei in non-competitive offers, in line with the initial target.
Romania's debt issuance plan for 2016 envisages domestic debt sales of some 48-50 billion lei, including 14-15 billion lei in T-bills and 34-35 billion lei in T-bonds.
So far this year, Romania has sold roughly 32.7 billion lei and 775 million euro ($862 million) worth of domestic debt, and has tapped 2.25 billion euro from foreign markets.
(1 euro=4.4549 lei)