February 25 (SeeNews) - Romania on Tuesday rejected all bids on a 200 million euro ($217 million) denominated bond issue with June 2025 maturity for the domestic market, central bank data showed.
Demand for the T-notes amounted at 264.1 million euro, data showed.
Romania last sold euro-denominated domestic bonds in December at an average accepted yield of 0.13%.
Details on the issue follow:
Auction date |
February 25 |
December 18 |
Amount offered (mln euro) |
200.0 |
200.0 |
Amount sold (mln euro) |
- |
416.1 |
Total bids placed (mln euro) |
264.1 |
419.6 |
Bid-to-cover ratio |
0.01 |
2.1 |
Yield (%) |
- |
0.13 |
The finance ministry intends to sell 5 billion lei ($1.13 billion/1.04 billion euro) worth of government securities in February, including 615 million lei in non-competitive offers.
So far this year, Romania has sold almost 13 billion lei of debt and tapped foreign markets for 3 billion euro worth of 2032 and 2050 Eurobonds.
($= 0.9225 euro)