Seven primary dealers participated in the auction.
Total demand stood at RON407.5 million, with banks offering RON389.5 million themselves and RON15 million on behalf of their clients.
The coupon rate was 3.70% and the yield until maturity according to the accepted price was 2.92%.
Banks offered RON287 million of the RON305 million the Finance Ministry raised themselves and RON15 million on behalf of their clients.
Early this week the Finance Ministry reopened a RON400 million bond issue due in 2034 but turned down all the bids from the banks participating in the auction, a report of Banca Transilvania says.
(English version by Loredana Fratila-Cristescu)