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Debt managers last sold the issue in May at an average yield of 2.31 percent. An ongoing market liquidity shortage has driven yield demands sharply higher, prompting the finance ministry, which has a comfortable hard currency buffer, to reject all bids at eight tenders since early October.
So far this year, Romania has sold 38.2 billion lei and 340 million euros of domestic bills and bonds. It has tapped foreign markets for 2.75 billion euros of 2027 and 2035 Eurobonds.