March 23 (SeeNews) - Romania on Thursday sold out a planned 600 million lei ($141.8 million/131.4 million euro) new issue of one-year Treasury bills, central bank data showed.
The average accepted yield at the auction was 0.97%, the data indicated.
Demand for the government securities, which will mature on 26 March 2018, totalled 1.58 billion lei.
Details about the issue follow:
Auction date |
March 23 |
Amount offered (mln lei) |
600.0 |
Amount sold (mln lei) |
600.0 |
Total bids placed (mln lei) |
1,583.9 |
Bid-to-cover ratio |
2.64 |
Yield (%) |
0.97 |
Romania's finance ministry plans to auction 3.7 billion lei worth of in government securities in March, according to the debt issuance calendar for the month. The ministry also plans to sell an additional 375 million lei of government paper in non-competitive offers.
In February, the finance ministry sold 3.32 billion lei in domestic debt paper and an additional 315 million lei in non-competitive offers, below its initial target of 3.9 billion lei.
So far this year, the finance ministry has sold some 8.6 billion lei worth of leu bills and bonds.
At the beginning of March, the ministry said it plans to sell about 2.5-3.0 billion euro ($2.6-3.1 billion) worth of eurobonds on the international markets and some 48-50 billion lei worth of leu-denominated domestic debt this year.
(1 euro=4.5555 lei)