Romania sells above target 535 mln lei (110 mln euro) in 2023 T-bonds, yield falls - table

The average accepted yield fell to 3.05% from 3.25% 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%, fell to 915 million lei from 1.1 billion lei at the previous 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:

Romania's finance ministry aims to sell domestic debt worth 4.54 billion lei in September, including 540 million lei at non-competitive tenders.

Year-to-date, the ministry has sold some 52.2 billion lei and 645 million euro ($763 million) worth of government bills and bonds and has tapped foreign markets for 6.3 billion euro of 2026, 2030, 2032 and 2050 Eurobonds.

It also sold 10-year dollar-denominated bonds worth $1.3 billion and $2 billion of 30-year bonds on the external market.

(1 euro=4.8583 lei)