Markets

Romania rejects all bids at tender to sell March 2022 T-bonds

Published October 19, 2017 Updated October 19, 2017 05:01pm

Debt managers, who had planned to sell 300 million lei ($77.34 million) worth of the paper, last auctioned it off in September at an average yield of 2.71 percent. On Thursday, bids amounted to 366 million lei.

Local money markets have faced a liquidity squeeze in recent weeks. The ministry has said it has a comfortable financing buffer.

 

 

Copyright Reuters, 2017