July 26 (SeeNews) - Romania's finance ministry on Monday rejected all bids for at a 400 million lei ($96 million/81 million euro) auction of Treasury bonds maturing on February 24, 2025, data from the country's central bank showed.
Total bids placed totaled 408.5 million lei, the data indicated.
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:
Auction date |
July 26 |
May 18 |
Amount offered (mln lei) |
400.0 |
500.0 |
Amount sold (mln lei) |
0 |
514.4 |
Total bids placed (mln lei) |
408.5 |
926.4 |
Bid-to-cover ratio |
- |
1.85 |
Yield (%) |
- |
3.75 |
Romania's finance ministry intends to sell 5.26 billion lei worth of government securities in July, including 465 million lei in non-competitive offers.
So far this year, the finance ministry has sold government bills and bonds worth 34 billion lei and 1.48 billion euro ($1.76 billion) and has tapped foreign markets for 3.5 billion euro worth of 12- and 20-year Eurobonds.
(1 euro=4.9208 lei)