Romania sells 706.5mn lei of Sept. 2023 bonds

BUCHAREST: Romania's finance ministry sold a more than planned 706.5 million lei ($167.91 million) worth of September 2023, treasury bonds on Monday, with the average accepted yield at 3.89pc, central bank data showed.

Debt managers, who had planned to sell 600 million lei, last issued the paper in June, at an average yield of 4.02pc.

So far this year, Romania has sold just over 29 billion lei and 506.7 million euros on the local market. It also tapped foreign markets in March and July for 5 billion euros worth of 2026, 2031, 2034, and 2049, Eurobonds.