Markets

Romania sells 300mn lei in April 2020 T-Bonds

Published November 24, 2014 Updated November 24, 2014 01:39pm

1 min

By Shoaib Ur Rehman

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BUCHAREST: Romania sold a planned 300 million lei ($84.04 million) worth of April 2020 treasury bonds on Monday, with the average accepted yield at 2.93 percent, central bank data showed.

Debt managers last sold the paper in July at an average yield of 3.5 percent.

Since then, comfortable market liquidity and rate cuts by the central bank have helped yields hover near record lows.

Earlier this month, the finance ministry sold June 2019 bonds at an average yield of 2.77 percent.

So far this year, Romania has sold roughly 37.6 billion lei and 930 million euros at domestic debt tenders, and has tapped foreign markets three times.

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