September 19 (SeeNews) - Romania on Thursday rejected all bids on a 200 million lei ($47 million/42 million euro) Treasury bonds maturing on September 27 2034, central bank data showed.
Demand for in the auction amounted to 134 million lei, the data indicated.
The issue will be reopened on Friday, when the finance ministry hopes to raise 30 million lei in a non-competitive tender.
The ministry managed to sell September 2031 bonds in August at an average accepted yield of 4.27%.
Details on the issue follow:
Auction date |
September 19 |
Amount offered (mln lei) |
200.0 |
Amount sold (mln lei) |
0 |
Total bids placed (mln lei) |
134.0 |
Bid-to-cover ratio |
0.67 |
Yield (%) |
- |
The finance ministry plans to auction 3.98 billion lei worth of government securities in September, including 495 million lei in non-competitive offers.
Since the beginning of 2019, the finance ministry has sold roughly 35 billion lei and 507 million euro ($568 million) worth of domestic government securities.
It also tapped foreign markets for 5 billion euro worth of 2026, 2031, 2034 and 2049 Eurobonds.
(1 euro=4.7415 lei)