Romania sells 251.5mn euros of Dec. 2023 bonds

BUCHAREST: Romania sold a more than planned 251.5 million euros worth of Dec. 2023 domestic bonds on Tuesday at an average accepted yield of 0.95 percent, central bank data showed.

Debt managers last issued euro-denominated bonds in July, with a Feb. 2021 maturity, at an average accepted yield of 0.33 percent. On Tuesday, bids totalled 374.5 million euros.

So far this year, Romania has sold roughly 40.72 billion lei and 612 million euros of domestic debt. The finance ministry has also tapped foreign markets for 3.75 billion euros of 2028, 2029, 2030, 2039 Eurobonds and $1.2 billion of 2048 dollar bonds.