Against the US dollar, the leu’s indicative won 1% to 3.393 units.
The leu opened at 4.3925/4.395 per euro, from 4.409/4.411 per euro at Wednesday close. It further advanced to an intraday high of 4.369 to the euro, amid a positive sentiment in the market fueled by investors’ expectations about a planned bond sale scheduled for this afternoon.
The Finance Ministry plans to raise 600 million lei (EUR136 million) at a four-year bond sale. The issue carries a 5.75% coupon. Yields at local debt sales have started to fall ever since the parliamentary elections in early December.
In the money market, overnight rates were flat at 5.3%-5.8% a year.