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FinMin sells 621.5M lei worth of T-bonds

The Public Finance Ministry drew more than 621.5 million lei (1 euro=4.24 lei) by a discount T-bonds issue put to auction on Monday via the National Bank of Romania.The T-bonds have six-month maturity and the average yield is 10 percent. The total value of the issue was one billion lei, with the combined demand of the 13 banks that took part in the auction standing at 1.61 billion lei; the ministry rejected the offers of the banks that exceeded the 10 percent yield.The bidders ...

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