The ministry raised EUR500 million of the issue on Wednesday, at an average yield of 1%. The maximum accepted yield was 1.03% and demand amounted to EUR1.07 billion.
The ministry said there is high demand on the domestic market for euro-denominated bonds, due to high liquidity stemming from the redemption of a EUR1.6 billion bond issue on Feb 26 and following the recent reserve requirement cut for foreign currency liabilities from the central bank.