Thursday, November 12, 2009

Romania delays euro bond to 2010

BUCHAREST, Nov 12 (Reuters) - Romania's Finance Ministry has postponed a planned euro bond until 2010, and it will not accept yields in excess of 10 percent in its domestic tenders this year, deputy Finance Minister Bogdan Dragoi said on Thursday.

Romania has struggled to lure investors to its domestic debt auctions at yields under 10 percent in recent weeks and has rejected all offers in a string of sales or issued bills in much lower volumes than originally planned.

At its last debt tender on Monday, the finance ministry sold only 104 million lei in one-year treasury bills, only one twelfth of the actual plan.

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