Romania Sells RON2.38B 1-Year T-Bills At 6.23% Average Yield
Romania’s Finance Ministry on Monday sold 2.38 billion lei (EUR546 million) in one-year treasury bills, almost double the planned amount, at an average yield of 6.23% a year, lower than at the previous auction.
The ministry planned to sell RON1.2 billion at Monday’s auction. Banks offered RON4.42 billion, central bank data showed.
At the latest similar auction December 19, the ministry sold RON1.7 billion in one-year paper at an average yield of 6.55%.
The ministry plans to sell debt worth RON4.5 billion in January, down from RON5.35 billion sold a month earlier.
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