Romania sells 96.5 mln euro of 2031 T-bonds, below target

The average accepted yield rose to 6.75% at Thursday's auction, from 6.69% achieved at the previous auction of Treasury paper of the same issue held in May. Demand for the government securities, which have an annual coupon of 7.35%, climbed to 605.8 million lei from 419.5 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 53.357 billion lei worth of government securities year-to-date.

(1 euro=4.9763 lei)