The figure was less than half the RON30 million targeted at today’s auction. The average yield was 5.26%, unchanged from Monday, when the ministry sold a planned RON200 million in a reopening of the 10-year bond.
The ministry plans to sell state treasuries worth RON4.33 billion in April, up from RON2.84 billion raised a month earlier.
For the second quarter of 2014, the ministry has announced an indicative target of RON12 to RON14 billion, of which about 25% will be short-term debt.
So far in 2014, Romania sold RON11.46 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. (EUR1=RON4.463)