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Bulgaria's economy grows 1.8% y/y in Q3 - prelim data
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Dec 14, 2017 17:42 EEST
December 14 (SeeNews) - Romania on Thursday rejected all bids in a 400 million lei ($102 million/ 86 million euro) auction of Treasury notes due on March 8, 2022, central bank data showed.
Demand in the auction stood at 366.5 million lei. The issue will be reopened on Friday when the finance ministry hopes to raise 60 million lei in a non-competitive tender.
At the previous auction of the same Treasury note issue held in November, the finance ministry rejected all bids.
Also on Thursday, the finance ministry rejected all bids in a 400 million lei auction of new Treasury bonds bills on December 17, 2018.
This is the third failed auction of government securities this month.
Details on the issue follow:
The ministry has rejected all bids in three auctions of government securities held in November. It had originally planned to raise 2.7 billion lei and an additional 330 million lei in non-competitive offers last month, but only managed to sell some 1.16 billion lei.
Romania's finance ministry plans to auction 2.5 billion lei worth of government securities and to sell an additional 315 million lei in non-competitive offers in December.
Year-to-date, the ministry has sold some 39 billion lei and 340 million euro worth of government bills and bonds and has tapped foreign markets for 2.75 billion euro of 2027 and 2035 Eurobonds.
The ministry has said it plans to sell some 48-50 billion lei worth of leu-denominated domestic debt this year.
(1 euro=4.6332 lei)
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