The ministry has scheduled six auctions in May, with two of them open for non-competitive bidders.
In April, the ministry sold state treasuries worth RON2.5 billion, in line with the initial target. Also in April, the institution sold EUR581.4 million in the reopening of its February 2016 Eurobond, at a record low average yield of 2.9% a year.
Yields at Romanian debt auctions have fallen to record lows in the past month, tracking the evolution in neighboring countries. Market sentiment also improved after foreign banks suggested investors should buy Romanian bonds, citing positive developments in the local market.
So far in 2013, the country sold RON20.92 billion in leu-denominated notes and EUR1.08 billion at two euro-denominated auctions on the local market. Additionally, the ministry tapped international markets for $1.5 billion at a US dollar-bond auction in February. (EUR1=RON4.3224)