Romania Sells EUR1.3B 3-Yr Bonds At 4.8% Avg Yield

Romania's Finance Ministry on Thursday sold three-year foreign currency bonds worth EUR1.3 billion, above the planned amount, at an average yield of 4.8% a year.

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The ministry planned to sell debt worth EUR1 billion at Thursday's auction.

The issue carries a coupon of 4.5% a year.

Romania has to repay EUR1.4 billion in one-year treasury bills due November 29.

Thursday's issue was the second forex bond sale on the domestic market this year, after the ministry raised EUR1.2 billion in one-year treasury bonds on July 28.

So far this year, Romania sold roughly RON34.8 billion (around EUR8 billion) in leu-denominated state notes.

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