Romania sells planned 300 mln lei (65 mln euro) of 2022 T-notes, yield falls - table

The average accepted yield fell to 2.90% from 2.93% achieved at the previous auction of government securities of the same issue held in July, the data indicated.

Demand for the T-notes, which carry an annual coupon of 3.50%, fell to 614.1 million lei from 656 million lei at July auction.

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

Details on the issue follow:

Romania's finance ministry plans to auction 3.4 billion lei in government securities and to sell an additional 345 million lei in non-competitive offers in August.

In July, the finance ministry sold 5.17 billion lei worth of domestic debt paper in auctions and an additional 390 million lei in non-competitive offers, slightly below target.

So far this year, the finance ministry has sold some 32 billion lei and 340 million euro worth of bills and bonds and has tapped foreign markets for 1.75 billion euro of 2027 and 2035 Eurobonds.

At the beginning of March, the ministry said it plans to sell about 2.5-3.0 billion euro worth of Eurobonds on the international markets and some 48-50 billion lei worth of leu-denominated domestic debt this year.

(1 euro= 4.5816 lei)