The ministry had planned to sell RON50 million in 10-year bonds at today’s auction. The average yield was unchanged on the day at 5.32%. Monday, the ministry sold a planned RON500 million in the reopening of the bond.
The ministry sold debt in local currency worth RON4.86 billion in January, up from RON4.03 billion initially targeted. Also this month, the ministry sold $2 billion in 10 and 30-year US dollar-denominated bonds in international markets and raised another EUR278.7 million at a Eurobond sale on the local market.
In 2013, Romania sold RON48.54 billion in leu-denominated notes and EUR1.57 billion at four euro-denominated auctions on the local market. The country also tapped international markets for $1.5 billion at a US dollar-bond sale last year and raised another EUR2 billion at two Eurobond sales. (EUR1=RON4.5317)