Romania sells 257 mln euro of 2030 T-bonds, above target

The average accepted yield fell to 6.54%, from 6.60% 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 8%, dropped to 1.621 billion lei from 1.822 billion lei at the previous auction.

The issue will be reopened on Monday when the finance ministry hopes to raise an additional 90 million lei through a non-competitive tender.

Details follow:

Romania has sold about 26.308 billion lei worth of government securities year-to-date.

(1 euro = 4.9740 lei)