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Romania rejects all bids in 200 mln lei (43 mln euro) 2028 T-note auction - table

Romania rejects all bids in 200 mln lei (43 mln euro) 2028 T-note auction - table Romania's finance ministry

BUCHAREST (Romania), April 16 (SeeNews) - Romania on Monday rejected all bids in a 200 million lei ($53 million/43 million euro) auction of a new issue of Treasury notes due on October 18, 2028, central bank data showed.

Demand in the auction amounted to 155.6 million lei.

The issue will be reopened on Tuesday, when the finance ministry hopes to raise 30 million lei in a non-competitive tender.

Also on Monday, in a separate tender, the ministry rejected all bids in a 600 million lei auction of Treasury bills due on April 17, 2019.

Details on the issue follow:

Auction date April 16
Amount offered (mln lei) 200.0
Amount sold (mln lei) 0
Total bids placed (mln lei) 155.6
Bid-to-cover ratio 0.78
Yield (%) -

Romania's finance ministry plans to auction 3.82 billion lei worth of government securities, including 420 million lei in non-competitive offers in April.

Since the beginning of 2018, the finance ministry has sold roughly 11 billion lei and 252 million euro worth of domestic debt and has raised 2 billion euro on international markets from the sale of 2028 and 2030 Eurobonds.

(1 euro=4.6507 lei)

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