Romania sells 600 mln lei (127 mln euro) in 2024 T-bonds, yield rises - table

The average accepted yield rose to 3.91% from 3.89% achieved at the previous auction of government securities of the same issue held in August, the data indicated.

Demand for the T-notes, which carry an annual coupon of 4.50%, fell to 806.3 million lei from 2.53 billion lei at the August auction.

The issue will be reopened on Tuesday when the finance ministry hopes to raise 90 million lei in a non-competitive tender.

Details on the issue follow:

The finance ministry plans to auction 3.98 billion lei worth of government securities in September, including 495 million lei in non-competitive offers.

Since the beginning of 2019, the finance ministry has sold roughly 35.3 billion lei and 507 million euro ($568 million) worth of domestic government securities.

It also tapped foreign markets for 5 billion euro worth of 2026, 2031, 2034 and 2049 Eurobonds.

(1 euro=4,7491 lei)