Romania sells above target 493.7 mln lei (100 mln euro) in 2034 treasury bonds - table

The average accepted yield was 9.33%, compared to 8.19% 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 4.75%, rose to 754.7 million lei from 434 million lei at the previous auction.

The issue will be reopened on Tuesday, when the finance ministry hopes to raise 60 million lei in a non-competitive tender.

Details on the issue follow:

434.0

Romania's finance ministry said it intends to sell 3.87 billion lei worth of government securities in October, including 465 million lei worth of debt in non-competitive offers.

So far this year, Romania has sold just roughly 45.8 billion lei and 259.5 million euro worth of bonds and has tapped foreign markets for 2.5 billion euro ($2.63 billion) worth of 2028 and 2034 eurobonds, as well as $3.85 billion worth of dollar bonds.

(1 euro=4.9360 lei)