The ministry had hoped to sell four-year paper worth RON60 million, but the offer was undersubscribed. The average yield was 3.87%, unchanged from Monday, when the ministry sold RON400 million in a reopening of the bond.
The ministry had planned to sell debt in local currency worth RON4.06 billion in February, but it only raised around RON1.9 billion because of weak demand.
The ministry plans to sell leu-denominated treasuries worth RON2.68 billion in March, up from around RON2 billion in the previous month. Also this month, the ministry hopes to raise at least EUR200 million at a five-year Eurobond on March 20.
So far in 2014, Romania sold RON7.18 billion in leu-denominated notes and EUR478.7 million at two 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=RON4.5196)