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Romania rejects all bids for 500 mln lei (105 mln euro) 2031 T-bonds - table

Dec 16, 2019, 5:44:38 PMArticle by Nicoleta Banila
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December 16 (SeeNews) - Romania sold on Monday rejected all bids on a 500 million ($117 million/105 million euro) worth of Treasury notes maturing on September 24, 2031, central bank data showed.

Romania rejects all bids for 500 mln lei (105 mln euro) 2031 T-bonds - table
Finance ministry, Romania

Demand for the treasury notes, which have an annual coupon rate of 3.65%, totaled 981.2 million lei, the data indicated.

The ministry last sold the notes on November 21 at a 4.69% yield.

The issue will be reopened on Tuesday when the finance ministry hopes to raise 75 million lei in a non-competitive tender.

Details on the issue follow:

Auction date December 16 November 21
Amount offered (mln lei) 500.0 200.0
Amount sold (mln lei) 0 248.7
Total bids placed (mln lei) 981.2 352.7
Bid-to-cover ratio 1.96 1.76
Yield (%) - 4.69

Since the beginning of 2019, the finance ministry has sold roughly 48.6 billion lei and 1.2 billion euro worth of domestic government securities.

It also tapped foreign markets for 5 billion euro worth of 2026, 2034 and 2049 Eurobonds.

(1 euro=4.7781 lei)

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