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Economic

Romania Sells RON3.46B 1-Year T-Bills At 6.21% Average Yield

Romania’s Finance Ministry on Monday sold 3.45 billion lei (EUR797 million) in one-year treasury bills, more than double the planned amount, while the average yield fell slightly to 6.21% a year.

Florentina Dragu · 16 ianuarie 2012 · 1 min de citit

The ministry planned to sell RON1.5 billion at Monday’s auction. Banks offered RON4.25 billion, central bank data showed.

At the latest similar auction January 9, the ministry sold RON2.38 billion in one-year paper at an average yield of 6.23%.

The ministry already exceeded its issuance plan for January, of RON4.5 billion. It sold over RON8.2 billion worth of paper in just four auctions, with the remaining two expected to raise another RON600 million.

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