Romania sells 193.6 mln euro of 2027 T-bonds, above target

The average accepted yield inched down to 6.2%, from 6.21% achieved at the previous auction of Treasury bonds of the same issue held in February. Demand for the bonds, which have an annual coupon of 7.2%, rose to 1.074 billion lei from 528.2 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 27.361 billion lei worth of government securities year-to-date.

(1 euro = 4.9711 lei)