Romania sells 108.4 mln euro of 2027 T-bonds, above target

The average accepted yield edged up to 6.28% at Monday's auction, from 6.26% achieved at the previous auction of Treasury paper of the same issue held in April. Demand for the government securities, which have an annual coupon of 7.2%, climbed to 674.5 million lei from 575.3 million lei at the previous auction.

The issue will be reopened on Wednesday when the finance ministry hopes to raise an additional 75 million lei through a non-competitive tender.

Details follow:

Romania has sold about 44.408 billion lei worth of government securities year-to-date.

(1 euro=4.9748 lei)