Romania sells 500 mln lei of 11-month treasury bills

Kitco Media
By Reuters
Published:
Updated:
Reuters
April 13 (Reuters) - Romania sold as planned 500 million lei ($111.47 million) worth of eleven-month treasury bills on Thursday at an average accepted yield of 6.51%, central bank data showed. Debt managers who had planned to sell 500 million lei of the eleven-month treasury bills last sold them in March at an average yield of 6.70%.
Series RO91A35UZST0 ROUI63LAZET1 Issue date 18/04/2023 20/03/2023 Auction date 13/04/2023 16/03/2023 Maturity 27/03/2024 28/02/2024 Avg.yield (pct) 6.51 6.70 Avg. accepted price 94.1394 93.9633 Highest accepted yield 6.59 6.75 Tail (highest yield 0.08 0.05 minus average yield)
Total bids 663.3 mln lei 504.7 mln lei Allotted 500.0 mln lei 423.4 mln lei Bid-to-cover ratio 1.3 1.2
($1 = 4.4856 lei) (Reporting by Patrycja Zaras and Mateusz Rabiega in Gdansk)

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