Romania Sells RON1.42B 11-Month T-Bills At 6.6% Average Yield
Romania’s Finance Ministry on Monday sold 1.42 billion lei (EUR327 million) in 11-month treasury bills, above the planned amount, at an average yield of 6.6% a year.
The ministry planned to sell debt worth RON1.2 billion at Monday’s auction. Banks offered a total of RON3.2 billion and the ministry rejected yields above 6.6%, central bank data showed.
At the latest similar auction October 24, the ministry sold RON735.7 million in 11-month paper at a 6.82% average yield.
The ministry plans to sell debt worth RON4.5 billion in December, up from RON3.9 billion sold a month earlier.
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