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Romania rejects all bids for 400 mln lei (81 mln euro) of 2020 T-bills - table

Romania rejects all bids for 400 mln lei (81 mln euro) of 2020 T-bills - table

BUCHAREST (Romania), October 14 (SeeNews) - Romania's finance ministry on Thursday rejected all bids for 400 million lei ($94 million/81 million euro) of new Treasury bills maturing on September 26 2022, data from the country's central bank showed.

Total bids placed totaled 130.9 million lei, well below the sum asked by the ministry, the data indicated.

Also on Thursday, the finance ministry sold a planned 600 million lei of Treasury bonds maturing on October 24 2030.

Details on the issue follow:

Auction date October 14
Amount offered (mln lei) 400.0
Amount sold (mln lei) 0
Total bids placed (mln lei) 130.9
Bid-to-cover ratio -
Yield (%) -

Romania's finance ministry intends to sell 5.6 billion lei worth of government securities in October, including 630 million lei in non-competitive offers.

Year-to date, the finance ministry has sold government bills and bonds worth 43 billion lei and 1.6 billion euro ($1.9 billion) and has tapped foreign markets for 7 billion euro worth of 2030, 2033 and 2041 Eurobonds.

(1 euro=4.9488 lei)

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