Romania sells 500mn lei in 5 years T-bonds

BUCHAREST: Romania sold a planned 500 million lei ($147.5 million) in five-year treasury bonds on Monday, with the average accepted yield at 4.66 percent, up 13 basis points from a May 20 tender, central bank data showed.

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

But a recent patch of market volatility in central Europe over concerns that the US Federal Reserve may slow its stimulus measures has hit treasuries and the leu currency in recent weeks.

So far this year, Romania has sold a little over 25 billion lei in bonds and bills on the domestic market. It sold over 1 billion euros in euro-denominated bonds on the domestic market and plans a second foreign issue later this year.