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Romania rejects all bids in 600 mln lei (107 mln euro) of one year T-bills - table

Romania rejects all bids in 600 mln lei (107 mln euro) of one year T-bills - table Finance ministry, Romania

BUCHAREST (Romania), April 16 (SeeNews) - Romania on Monday rejected all bids in a 600 million lei ($160 million/129 million euro) auction of Treasury bills due on April 17, 2019, central bank data showed.

Demand in the auction amounted to 624.8 million lei.

Also on Monday, in a separate tender, the ministry rejected all bids in a 200 million lei auction of Treasury notes due on October 18, 2028, central bank data showed.

Details on the issue follow:

Auction date April 16
Amount offered (mln lei) 600.0
Amount sold (mln lei) 0
Total bids placed (mln lei) 624.8
Bid-to-cover ratio 1.04
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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