Banks offered RON921.7 million at today’s tender, but the ministry wasn’t satisfied with the yield level, central bank data showed.
On Monday, the ministry postponed by two weeks an auction to sale one-year treasury bills, citing adverse market conditions, and said it could reschedule more debt sales if the unfavorable conditions continue.
The ministry plans to sell debt in local currency worth RON4.06 billion in February. Also this month, the institution hopes to raise at least EUR200 million at a five-year Eurobond sale on February 20.
So far in 2014, Romania sold RON4.86 billion in leu-denominated notes and EUR278.7 million at a euro-denominated auction on the local market. The ministry also tapped international markets for $2 billion at a two-part US dollar bond issue in January. (EUR1=RON4.4669)