Romania sells 202 mln euro of 2026, 2034 T-bonds, above target

The finance ministry sold 655.6 million lei worth of Treasury bonds maturing on October 28, 2026 at Monday's auction, above its 500 million lei target, the central bank said in a data release.

The average accepted yield was 6.13%, while demand for the Treasury bonds, which carry an annual coupon of 7.2%, fell to 1.021 billion lei from 2.020 billion lei at the previous auction.

The finance ministry also sold on Monday 346.3 million lei worth of government bonds maturing on July 31, 2034, above target.

The average accepted yield edged up to 6.54% from 6.53% achieved at the previous auction of bonds of the same issue held last week. Demand for the Treasury bonds carrying an annual coupon of 7.1% dropped to 459.3 million lei from 847.6 million lei at the previous auction.

Both issues will be reopened on Wednesday when the finance ministry hopes to raise an additional total 120 million lei through non-competitive tenders.

Details of the issues follow:

Romania has sold approximately 19.373 billion lei worth of government securities year-to-date.

(1 euro=4.9698 lei)