Romania sells 800mn lei in one-year T-Bills

BUCHAREST: Romania sold a planned 800 million lei ($247.4 million) in one-year treasury bills on Monday, with the average accepted yield at 2.49 percent, central bank data showed.

Debt managers last sold one-year paper in April, at an average yield of 2.94 percent.

Strong market liquidity and the prospect of continued low interest rates have helped debt rally in recent weeks.

So far this year, Romania sold a little over 18.6 billion lei and 700 milion euros in domestic debt tenders.

It has also tapped foreign markets with bond dollar and euro bond issues.