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Romania rejects all bids for 500 mln lei (105 mln euro) of 2029 T-bonds - table

Romania rejects all bids for 500 mln lei (105 mln euro) of 2029 T-bonds - table

BUCHAREST (Romania), November 14 (SeeNews) - Romania's finance ministry on Thursday rejected all bids for 500 million lei ($115 million/105 million euro) of Treasury bonds maturing on February 12, 2029, data from the country's central bank showed.

Total bids placed totaled 372 million lei, below the sum asked by the ministry, the data indicated.

The ministry last sold the issue at end-October, at a 4.17% yield.

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

Details on the issue follow:

Auction date November 14 October 28
Amount offered (mln lei) 500.0 500.0
Amount sold (mln lei) 0 600.1
Total bids placed (mln lei) 372.0 730.1
Bid-to-cover ratio 0.7 1.46
Yield (%) - 4.17

Romania's finance ministry plans to auction 4.1 billion lei worth of government securities in November, including 510 million lei in non-competitive offers.

Since the beginning of 2019, the finance ministry has sold roughly 42.8 billion lei and 845 million euro worth of domestic government securities.

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

(1 euro=4.7669 lei)

 

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