Demand reached RON56.3 million. The average yield was 2.61%, unchanged from Thursday, when the ministry sold RON300 million in a reopening of the three-year bond.
The ministry has revised down its estimate for this month’s borrowing needs in local currency, to RON2.21 billion from RON3.24 billion. Also this month, the institution raised EUR250 million in a reopening of its January 2019-dated Eurobond, at a record low yield of 2.19% a year.
So far in 2014, the country sold RON27.03 billion in leu-denominated notes and EUR928.7 million at four 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 in April. (EUR1=RON4.4362)