The ministry sold RON350 million of three-year bonds, slightly above the planned amount, at an average yield of 6.61% a year, higher than at the previous auction.
The ministry planned to sell paper worth RON300 million at today’s tender. Banks offered RON774 million, central bank data showed.
At the latest similar auction November 15, the ministry sold RON300 million in three-year paper at an annual yield of 6.55%.
Still on Monday, the ministry raised RON100 million at a 15-year bond sale, in line with its initial target, at an average yield of 6.91% a year. The latest similar tender was held in April, when the ministry sold debt worth RON226 million at an annual average yield of 6.58%.
The ministry sold state paper worth RON3.5 billion in November, just below its RON3.55 billion target.
So far in 2012, Romania sold on the local market RON50.1 billion in leu-denominated state notes and EUR421.5 million via a tap of an existing foreign currency bond due 2015.
Additionally, Romania tapped international debt markets for $2.25 billion at two US dollar-denominated bond sales and raised another EUR2.25 billion via two Eurobonds. (EUR1=RON4.5313)