The ministry sold a planned RON600 million in five-year bonds at an average yield of 3.93% a year, down from 4.11% a year at the latest similar auction on May 15.
Additionally, the ministry raised RON467.2 million in a reopening of its 15-year bond due July 2027, at an average yield of 5.11% a year, versus 5.41% a year in mid-January. The ministry had an indicative target of RON200 million for today’s sale.
Both issues will be reopened tomorrow in a bid to raise another RON130 million at two supplementary non-competitive sales.
Romania plans to sell state treasuries worth RON3.71 billion in June, slightly up from RON3.48 billion raised a month earlier.
So far in 2014, the country sold RON21.97 billion in leu-denominated notes and EUR678.7 million at three 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=RON4.3919)