Romania sells 377.5 mln euro of 2026, 2033 T-paper

The finance ministry placed 585 million lei worth of T-notes maturing on October 28, 2026, above its 500 million lei target, the central bank said in a data release.

The average accepted yield came in at 6.22%, compared to 6.23% achieved at the previous auction of Treasury paper of the same issue held last month. Demand for the T-notes which have an annual coupon of 7.2%, soared to 630 million lei from 303.9 million lei at the previous auction.

The finance ministry also sold on Tuesday 1.293 billion lei worth of T-bonds maturing on October 30, 2033, above target.

The average accepted yield fell to 6.7% from 6.81% achieved at the previous auction of bonds of the same issue held last month. Demand for the Treasury bonds that have an annual coupon of 7.2% inched up to 1.598 billion lei from 1.532 billion lei at the previous auction.

Both issues will be reopened on Thursday when the finance ministry hopes to raise an additional total of 135 million lei through non-competitive tenders.

Details of the issues follow:

Romania has sold approximately 40.273 billion lei worth of government securities year-to-date.

(1 euro=4.9757 lei)