The ministry sold RON300 million in three-year bonds at an average yield of 2.9% a year, down from 3.84% a year at the latest similar auction in April.

Additionally, the ministry raised RON500 million in a reopening of its 10-year bond due June 2021, at an average yield of 4.13% a year, versus 4.7% a year on May 8.

Both issues will be reopened tomorrow in a bid to raise another RON120 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 RON20.22 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=RON4.3912)