Romania sells 103 mln euro of 2028 T-bonds, above target

The average accepted yield came in at 6.24%. Demand for the government securities which have an annual coupon of 6.3% totalled 994.8 million lei.

The issue will be reopened on Wednesday when the finance ministry hopes to raise an additional 60 million lei through a non-competitive tender.

Details follow:

Romania has sold about 34.648 billion lei worth of government securities year-to-date.

(1 euro=4.9737 lei)