Romania sells 200mn lei in 15 years T-bonds

BUCHAREST: Romania sold a planned 200 million lei ($59 million) in 15-year treasury bonds on Wednesday, with the average accepted yield at 5.16 percent, from 6.98 percent at the last such tender on Dec. 6, central bank data showed.

The yield level, in the top range of secondary market costs, was in line with analysts' expectations. A 10-year bond issue on Mat 23 garnered an average yield of 5.03 percent.

Debt yields have hit record lows across maturities this year with the rally supported by strong demand from foreign investors in higher-yielding emerging European assets and the inclusion of Romanian paper in two benchmark indices.

So far this year, Romania has sold just under 25 billion lei in bonds and bills on the domestic market. It has tapped foreign markets in the first quarter and is considering another such issue.