Romania sells 302 mln euro of 2026 T-notes, above target

The average accepted yield came in at 6.43%, compared to 6.47% achieved at the previous auction of government securities of the same issue held last month. Demand for the T-notes, which carry an annual coupon of 7.2%, rose to 1.748 billion lei on Thursday from 954.7 million lei at the previous auction.

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

Details follow:

Romania has sold about 113.837 billion lei worth of government securities year-to-date.

(1 euro=4.9679 lei)