The ministry had planned to sell debt worth RON1 billion at today’s auctions.
A five-year bond sale brought the ministry RON1 billion at a 4.37% average yield, down from 4.56% a year in September. The indicative target was of RON500 million.
Additionally, the ministry raised a planned RON500 million in ten-year bonds at an average yield of 5.29% a year, marginally higher from 5.25% a year at the previous tender.
The ministry plans to sell state treasuries worth RON4.75 billion in October, from RON3.82 billion in the previous month. Also this month, the ministry expects to raise at least EUR150 million at a three-year Eurobond sale on October 10.
So far in 2013, Romania sold RON35.86 billion in leu-denominated notes and EUR1.41 billion at three euro-denominated auctions on the local market. The ministry also tapped international markets for $1.5 billion at a US dollar-bond auction in February and raised another EUR1.5 billion at a Eurobond sale in September. (EUR1=RON4.4403)