Romania sells more April 2020 treasury bonds than planned

BUCHAREST: Romania sold 460 million lei ($119.93 million) worth of April 2020 treasury bonds on Thursday, more than twice the planned amount, at an average accepted yield of 3.11 percent, central bank data showed.

Debt managers, who had planned to sell 200 million lei of the paper, last issued it in September at an average yield of 1.85 percent. The finance ministry has struggled to sell bonds in the last quarter of last year due to market liquidity shortage and rising interest rates.

This year, the ministry plans to tap 4.5-5.0 billion euros from foreign markets and sell an indicative 48-50 billion lei of domestic debt.