July 24 (SeeNews) - Romania on Monday sold out a planned issue of 1 billion lei ($255 million/219 million euro) of one-year Treasury bills, central bank data showed.
The average accepted yield at the auction was 0.79%, the data indicated.
Demand for the government securities, which will mature on July 25, 2018, totalled 1.50 billion lei.
Details on the issue follow:
Auction date |
July 24 |
Amount offered (mln lei) |
1000.0 |
Amount sold (mln lei) |
1000.0 |
Total bids placed (mln lei) |
1,505.8 |
Bid-to-cover ratio |
1.51 |
Yield (%) |
0.79 |
Romania's finance ministry plans to auction 5.1 billion lei in government securities and to sell an additional 510 million lei in non-competitive offers in July.
In June, the finance ministry sold 5.235 billion lei and in domestic debt paper, an additional 515 million lei in non-competitive offers and 100 million euro ($114 million) in foreign currency debt paper, in line with target.
Since the beginning of 2017, the finance ministry has sold some 29 billion lei and 340 million euro worth of government bills and bonds and has tapped foreign markets for 1.75 billion euro of 2027 and 2035 Eurobonds.
In June, the ministry said it plans to sell 7.5 billion euro worth of eurobonds on the international markets in the following two years.
At the beginning of March, the ministry said it plans to sell about 2.5-3.0 billion euro worth of Eurobonds on the international markets and some 48-50 billion lei worth of leu-denominated domestic debt this year.
(1 euro=4.5737 lei)