Romania Sells RON249M 1-Year T-Bills At 6.65% Average Yield
Romania’s Finance Ministry on Monday sold 249.1 million lei (EUR57.12 million) in one-year treasury bills, lower than the planned amount, at an average yield of 6.65% a year.
The ministry planned to sell RON700 million at Monday’s auction. Banks offered RON1.2 billion, but the ministry wasn’t satisfied with the yield level.
At the latest similar auction November 7, the ministry sold RON1 billion in one-year paper at an average yield of 6.64%.
The ministry sold debt worth RON3.93 billion in November, down from RON4.5 billion targeted.
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