- Home
- Video
- Politics
- Economic
- Social
- Sports
- International
- Science
- Culture
- Life
- One book a day
- Weather
- Talks
- English
Romania Rejects All Bids In 5-Yr Bonds Sale
Romania’s Finance Ministry Thursday rejected for the second straight time all bids in a 300 million lei (EUR1=RON4.2616) five-year bonds auction, citing high yields.
11 viewsRomania Rejects All Bids In 5-Yr Bonds Sale
Bank offers amounted to RON459 million, but the ministry was not satisfied with the yield level.
The latest successful five-year bonds sale was held June 17, when the ministry sold paper worth RON284 million at 6.97% average yield.
The ministry wants to sell debt worth RON4.6 billion in September, up from RON3 billion sold a month earlier.
So far this year, Romania sold RON25.2 billion in state notes. In addition, a euro-denominated bond sale on July 28 brought the ministry EUR1.2 billion in a heavily oversubscribed auction.
If you liked this story, please follow MEDIAFAX.RO on FACEBOOK »
The content of mediafax.ro is for your information only. Republishing or using this content is forbidden without express consent of MEDIAFAX. For this consent, please ask for it by mail at vanzari@mediafax.ro.