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)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.