Romania sells 185mn lei of 364-day treasury bills

BUCHAREST: Romania's finance ministry sold a lower than planned 185.2 million lei ($47.44 million) of 364-day treasury bills at an average yield of 2.89 percent on Thursday, central bank data showed.

Debt managers last sold one-year bills in March at an annual average yield of 2.38 percent. On Thursday, the paper was oversubscribed, with bids amounting to 811 million lei.

So far this year, the finance ministry has sold roughly 13.6 billion lei and 252 million euros of domestic debt, and has tapped 2.0 billion euros from foreign markets in 2028 and 2030 Eurobonds.