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Romania sells 800 mln lei (179.2 mln euro) in 6-mo T-bills

Apr 24, 2014, 3:05:40 PMArticle by Iliana-Carmen Ionescu
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April 24 (SeeNews) - Romania sold out its entire offer of 800 million lei ($247.6 million/179.2 million euro) in six-month Treasury bills on Thursday, the central bank said.

Romania sells 800 mln lei (179.2 mln euro) in 6-mo T-bills

The average yield rose to 2.73% from 2.0% achieved in the previous auction of six-month government debt paper held on January 9, the central bank, which sells government securities on behalf of the finance ministry, said on its website.

Bids were placed for 1.4 billion lei worth of T-bills in the auction.

Including this auction, Romania has sold some 13.8 billion lei and 678.7 million euro ($937.9 million) in government debt paper on the domestic market so far this year. It has also raised $2.0 billion in 10-year and 30-year bonds on the U.S. market and 1.25 billion euro in ten-year bonds on international markets.

(1 euro = 4.4652 Romanian lei)

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