Romania sells 500mn lei in Jan 2018 T-bonds

BUCHAREST: Romania sold a planned 500 million lei ($131.24 million) worth of Jan. 2018 treasury bonds on Thursday, with the average accepted yield at 2.07 percent, central bank data showed.

Debt managers last issued the paper in December at an average yield of 2.21 percent.

On Wednesday, Romania's central bank lowered its benchmark interest rate by a quarter point and Governor Mugur Isarescu said policymakers had more room to cut, prompting debt yields to rally to record lows.

Romania plans to raise up to 3 billion euros ($3.57 billion) in international markets this year and will issue up to 28 billion lei ($7.42 billion) of domestic treasury bonds, the finance ministry said on Monday.