17:48, 7.08.2008 Romania Rejects All Bids For RON 400M 5Yr Bonds

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BUCHAREST / 17:48, 7.

08.2008 Romaniaa€™s Economy and Finance Ministry has rejected on Thursday auction all bids for 400 million lei ($178.2 million) worth of five-year treasury bonds.In its most recent 5-year bonds auction July 3, the ministry sold RON45.6 million worth of bonds, at an average yield of 9.64% on the year.The Finance Ministry is planning to sell benchmark bonds and treasury bills worth RON1.6 billion in August, compared with nearly RON572 million sold in July.The money will be...

Read the whole story in: Mediafax