Romania sells planned 200mn lei of June 2021 treasury bonds

BUCHAREST: Romania sold a planned 200 million lei ($50.69 million) worth of June 2021 treasury bonds on Monday, with the average accepted yield at 3.68 percent, central bank data showed.

Debt managers last sold the issue in May at an average yield of 2.31 percent. An ongoing market liquidity shortage has driven yield demands sharply higher, prompting the finance ministry, which has a comfortable hard currency buffer, to reject all bids at eight tenders since early October.

So far this year, Romania has sold 38.2 billion lei and 340 million euros of domestic bills and bonds. It has tapped foreign markets for 2.75 billion euros of 2027 and 2035 Eurobonds.