Romania sells 200mn euros in bonds due Jan. 2019

20 Feb, 2014

BUCHAREST: Romania sold a planned 200 million euros ($275.1 million) worth of domestic bonds due in January 2019 at an average yield at 3.3 percent, but rejected all bids at a tender to sell leu-denominated treasury bills, central bank data showed on Thursday. Debt managers last sold the paper on Jan. 23 at 3.18 percent. Bids totalled 266 million euros.

Thursday's failed leu debt tender is the third time Romania has rejected all bids this month as an emerging markets rout and concerns over escalating violence in Ukraine put upward pressure on yields. But the ministry has pre-financed some of its needs in the second half of last year and also has a comfortable financing buffer.

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