Finance Ministry sells treasury bills worth 1.2 billion lei

The Finance Ministry (MFP) drew on Monday over 1.2 billion lei by an issue of treasury bills with discount, put up for auction through the National Bank of Romania (BNR).

The treasury bonds are due in 1 month and the average yield the issue was bought for is 10.42 percent. The moderate average yield of the rate of discount was of 9.43 percent.
The overall value of the issue was of 1.2 billion lei and the overall demand by the 12 banks that participated in the auction was of 2.82 billion lei.
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