The ministry planned to sell state paper worth RON600 million at today’s tender. Banks offered RON5.26 billion, central bank data showed.
At the latest similar auction September 20, the ministry sold RON200 million of four-year paper, at an annual yield of 6.29%.
The ministry plans to sell debt worth RON4.6 billion in January. It has already raised RON3.97 billion at three out of eight auctions scheduled for this month, taking advantage of a positive sentiment in the market following the parliamentary elections in December.
In 2012, Romania sold treasury bills and bonds worth RON58.2 billion, 13% higher on the year. It also raised EUR763.3 million from the local market by tapping two existing foreign currency bonds, due 2014 and 2015, respectively.
Moreover, 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=RON4.3753)