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Romania rejects all bids for 500 mln lei (105 mln euro) of 2020 T-bills - table

Romania rejects all bids for 500 mln lei (105 mln euro) of 2020 T-bills - table

BUCHAREST (Romania), December 5 (SeeNews) - Romania's finance ministry on Thursday rejected all bids for 500 million lei ($116 million/105 million euro) of new Treasury bills maturing on June 24  2020, data from the country's central bank showed.

Total bids placed totaled 439.8 million lei, below the sum asked by the ministry, the data indicated.

Also on Thursday, the finance ministry sold 1.16 billion lei of Treasury bonds maturing on September 25 2023, well above target.

Details on the issue follow:

Auction date December 5
Amount offered (mln lei) 500.0
Amount sold (mln lei) 0
Total bids placed (mln lei) 439.8
Bid-to-cover ratio 0.88
Yield (%) -

Since the beginning of 2019, the finance ministry has sold roughly 47.2 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=4.7764 lei)

 

 

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