May 11 (SeeNews) - Romania on Thursday sold out a planned 1 billion lei ($240 million/220 million euro) issue of one-year Treasury bills, central bank data showed.
The average accepted yield edged down to 0.87%, from 0.90% in the previous auction of government securities of the same issue held in April, the data indicated.
Demand for the government securities, which will mature on May 14, 2018, totalled 2.33 billion lei, up from 2.21 billion lei in April.
Details about the issue follow:
| Auction date |
May 11 |
April 6 |
| Amount offered (mln lei) |
1,000 |
800.0 |
| Amount sold (mln lei) |
1,000 |
800.0 |
| Total bids placed (mln lei) |
2,332.0 |
2,213.8 |
| Bid-to-cover ratio |
2.33 |
2.76 |
| Yield (%) |
0.87 |
0.90 |
Romania's finance ministry plans to auction 3.7 billion lei in government securities and to sell an additional 405 million lei in non-competitive offers in May.
In April, the finance ministry sold 3.925 billion lei in domestic debt paper and an additional 465 million lei in non-competitive offers, in line with target. Also in April, Romania raised 1.75 billion euro ($1.86 billion) by issuing a new 10-year Eurobond and reopening an existing Eurobond issue maturing in 2035.
So far this year, the finance ministry has sold some 14.8 billion lei, 240 million euro worth of bills and bonds and the above-mentioned Eurobonds.
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=4.5505 lei)