Romania Sells More Debt Than Planned on Sentiment
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Romania sold more debt than planned at an auction today as a drop in the inflation rate and government austerity measures boosted investor sentiment.
The Finance Ministry sold 1.47 billion lei ($454 million) of one-year Treasury bills, more than the 1 billion lei it initially intended to sell, the Banca Nationala a Romaniei said on its website. The average yield dropped to 7 percent from 7.22 percent from the last auction of similar notes on Nov. 22. Demand was 3.98 billion lei.