The ministry had an indicative target of RON45 million for today’s sale. The average yield was 3.88%, unchanged from Monday, when the ministry sold RON556.9 million in a reopening of the 10-year bond.
The ministry plans to sell state treasuries worth RON4.1 billion in July, up from RON3.95 billion raised a month earlier. The institution has to repay debt worth RON6.8 billion this month.
So far in 2014, the country sold RON23.87 billion in leu-denominated notes and EUR678.7 million at three euro-denominated auctions on the local market.
The ministry also tapped international markets for $2 billion at a two-part U. S. dollar bond issue in January, and raised EUR1.25 billion in a ten-year Eurobond sale in April. (EUR1=RON4.4488)