Romania sells below target 132 mln lei (27 mln euro) in 2029 treasury bonds - table

The average accepted yield was 8.19%, compared to 8.80% 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 4.85, fell to 240 million lei from 871.8 million lei at the previous auction.

The issue will be reopened on Tuesday, when the finance ministry hopes to raise 45 million lei in a non-competitive tender.

Details on the issue follow:

871.8

Romania's finance ministry said that it intends to sell 4.63 billion lei worth of government securities in September, including 525 million lei in non-competitive offers.

So far this year, Romania has sold some 45 billion lei worth of bonds and has tapped international markets for 2.5 billion euro ($2.63 billion) worth of 2028 and 2034 Eurobonds, as well as $3.85 billion worth of dollar-denominated bonds.

(1 euro=4.9226 lei)