Romania sells 7-year bonds at 6.40pc

BUCHAREST: Romania sold a less than planned 417 million lei ($117.5 million) in 7-year treasury bonds on Thursday, with the average accepted yield at 6.40 percent, central bank data showed.

Debt managers had planned to sell 500 million lei.

At a five-year auction on May 17, the last time the ministry sold paper of a roughly similar duration, the average accepted yield was at 6.15 percent.

In March it sold 10-year treasury bonds at 6.75 percent.

So far this year, Romania has sold 34.6 billion lei in bonds and bills on the domestic market.