Romania's finance ministry sells 350.5mn lei of Aug. 2019 bills

BUCHAREST: Romania's finance ministry sold a higher than planned 350.5 million lei ($87.56 million) of 364-day treasury bills at an average yield of 3.31 percent on Thursday, central bank data showed.

Debt managers last sold one-year paper in May at an annual average yield of 2.89 percent. On Thursday, the issue was oversubscribed, with bids amounting to 543.8 million lei. The ministry planned to sell 300 million.

So far this year, Romania has sold just over 22 billion lei and 361 million euros of domestic debt. It also tapped foreign markets for 2.0 billion euros of 2028 and 2030 Eurobonds, as well as $1.2 billion of 2048 dollar bonds.