The amount fell significantly short of the ministry’s target of RON75 million. The average yield was 4.11%, unchanged from Thursday, when the ministry sold a planned RON500 million in a reopening of the five-year bond.
The ministry plans to sell state treasuries worth RON3.44 billion in May, down from RON4.31 billion raised a month earlier. The institution has to repay debt worth RON2.08 billion this month.
So far in 2014, Romania sold roughly RON15.6 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 last month. (EUR1=RON4.4349)