The average annual yield was 6.36%, down from 6.87% on January 5, when the ministry sold RON1.5 billion in two-year paper.
The ministry planned to sell bonds worth RON750 million at Monday’s auction. Banks offered RON2.74 billion, and the ministry refused yields higher than 6.5%, central bank data showed.
Initially, the ministry said it plans to sell debt worth RON5 billion in February. But in the first five auctions, it already raised RON7.63 billion, and another sale is programmed for Thursday, when Romania intends to sell 15-year paper worth RON300 million.
In January, the ministry sold RON9.93 billion in leu-denominated paper and $1.5 billion in US dollar-denominated bonds. (EUR1=RON4.3535)