Romania Sells RON400M Of 12-Month T-Bills At 1.4% Average Yield

06.11.2015 By Bogdan Neagu

Romania’s Finance Ministry Thursday sold a planned 400 million lei (EUR90 million) in 12-month treasury bills, at an average yield of 1.4%, nearly unchanged from the previous tender.

Book orders amounted to RON1.31 billion, and the maximum accepted yield was 1.47%, central bank data showed.

The yield was comparable to 1.39% at an auction in May, when the ministry sold a similar RON400 million in 12-month paper.

The finance ministry had planned to raise RON2.8 billion at treasury auctions in June, up from RON2.1 billion in the previous month, but volatility in the bond markets made it reject offers at an auction oln Monday and scrap another tender planned for the next week.

So far in 2015, the ministry raised almost RON17 billion at bond auctions on local market.