August 10 (SeeNews) - Romania's finance ministry on Thursday sold out a planned new issue of 800 million lei ($205 million/175 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 August 15, 2018, totaled 2.178 billion lei.
Details on the issue follow:
Auction date |
August 10 |
Amount offered (mln lei) |
800.0 |
Amount sold (mln lei) |
800.0 |
Total bids placed (mln lei) |
2,178.7 |
Bid-to-cover ratio |
2.72 |
Yield (%) |
0.79 |
Romania's finance ministry plans to auction 3.4 billion lei in government securities and to sell an additional 345 million lei in non-competitive offers in August.
In July, the finance ministry sold 5.17 billion lei worth of domestic debt paper in auctions and an additional 390 million lei in non-competitive offers, slightly below target.
So far this year, the finance ministry has sold some 31 billion lei and 340 million euro worth of bills and bonds and has tapped foreign markets for 1.75 billion euro of 2027 and 2035 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=4.5750 lei)