The ministry had planned to sell debt worth RON600 million at today’s auctions.
A two-year bond sale brought the ministry RON1.064 billion at 6.44% yield, little changed from 6.45% a year at the latest similar tender held earlier this month. The indicative target was of RON400 million.
Additionally, the ministry raised RON1.01 billion at a five-year bond auction, above the initial target of RON200 million. The average yield inched down to 6.57%, from 6.66% in November. Banks offered RON2.1 billion.
The ministry plans to sell state paper worth RON3.1 billion in December, slightly down from RON3.5 billion in the previous month.
So far in 2012, Romania sold on the local market RON53.17 billion in leu-denominated state notes and EUR763.3 million from tapping two existing foreign currency bonds, due 2014 and 2015, respectively.
Additionally, the country 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=RON4.5075)