Romania sells 700mn lei in T-bonds due June 2017

BUCHAREST: Romania sold a planned 700 million lei ($213.8 million) worth of treasury bonds due in June 2017 at an average yield of 4.25 percent, central bank data showed on Thursday.

Debt managers last sold the issue, which has a residual maturity of 3.3 years, on Feb. 10 at an average yield of 4.06 percent.

The finance ministry failed to sell debt at three tenders last month as domestic political uncertainty, escalating violence in neighbouring Ukraine and an emerging markets rout pressured assets.

So far this year, the finance ministry has sold just under 8 billion lei and roughly 480 million euros on the local market. It also tapped $2 billion from the US market.