Romania sells 658 mln lei (138 mln euro) of 2023 T-notes, yield falls - table

The average accepted yield fell to 3.74% from 3.76% achieved at the previous auction of government securities of the same issue held in September, the data indicated.

Demand for the T-notes, which carry an annual coupon of 4.40%, rose to 704 million lei from 525.1 million lei at the September auction.

The issue will be reopened on Tuesday when the finance ministry hopes to raise 75 million lei in a non-competitive tender.

Details on the issue follow:

Since the beginning of 2019, the finance ministry has sold roughly 38 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=4.7536 lei)