Romania sells 116.7 mln euro of 2031 T-bonds, above target

The average accepted yield came in at 6.58%, unchanged from the previous auction of Treasury paper of the same issue held in March. Demand for the government securities, which have an annual coupon of 7.35%, fell to 719 million lei from 1.042 billion lei at the previous auction.

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

Details follow:

Romania has sold about 34.075 billion lei worth of government securities year-to-date.

(1 euro=4.9703 lei)