Romania Rejects All Bids In 5-Yr Bonds Sale

Bank offers amounted to RON547,6 million, but the ministry was not satisfied with the yield level.

At the previous similar tender June 17, the ministry sold paper worth RON284 million at 6.97% average yield.

In August, the ministry wants to sell debt worth RON4.6 billion, above the RON1.4 billion sold a month earlier.

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So far this year, the ministry sold RON24.3 billion in state notes. In addition, a euro-denominated bond sale end July brought the ministry EUR1.2 billion in a heavily oversubscribed auction.