The bonds mature in April 2035 and have a coupon rate of 6.75%.
Total demand from the six primary dealers reached RON320.5 million, significantly below the issue value. Of this amount, non-competitive bids stood at RON120.5 million and competitive bids at RON200 million.
The individual nominal value was RON5,000.
The ministry decided to reject all bids, deeming the price “Inadequate”.
According to the regulatory framework for government bond market operations, the ministry can entirely reject the bids unless the price offered by investors is deemed acceptable.