September 12 (SeeNews) - Romania on Thursday rejected all bids on a 600 million lei ($140 million/237 million euro) worth of Treasury bonds maturing on August 8, 2022, central bank data showed.
Demand for in the auction amounted to 472.8 million lei, the data indicated.
The issue will be reopened on Friday, when the finance ministry hopes to raise 90 million lei in a non-competitive tender.
Romania last sold August 2022 bonds in August at an average yield of 3.38%.
Details on the issue follow:
Auction date |
February 14 |
August 19 |
Amount offered (mln lei) |
600.0 |
600.0 |
Amount sold (mln lei) |
0 |
675.0 |
Total bids placed (mln lei) |
472.8 |
1,087.2 |
Bid-to-cover ratio |
0.79 |
1.6 |
Yield (%) |
- |
3.38 |
The finance ministry plans to auction 3.98 billion lei worth of government securities in September, including 495 million lei in non-competitive offers.
Since the beginning of 2019, the finance ministry has sold roughly 34 billion lei and 507 million euro ($563 million) worth of domestic government securities.
It also tapped foreign markets for 5 billion euro worth of 2026, 2031, 2034 and 2049 Eurobonds.
(1 euro=4.7451 lei)