The ministry sold RON1.395 billion of one-year treasury bills at an average yield of 5.85% a year, down from 6.06% a year at the previous tender. The indicative target was RON500 million.
Additionally, the ministry raised RON1.5 billion at a three-year bond sale, also up from RON800 million targeted. The average yield fell to 5.95% a year, from 6.14% a year in December.
The ministry has already exceeded its issuance plans for January, of RON4.6 billion. It has raised RON6.88 billion at five out of eight auctions scheduled this month, taking advantage of a positive sentiment in the market following the parliamentary elections in December.
At the last three auctions of the month, the ministry hopes to sell debt worth RON1.4 billion.
Still in January, the ministry plans to raise EUR150 million at a euro-denominated bond sale on the local market to finance the budget deficit. (EUR1=RON4.3814)