Book orders amounted to RON334 million. The bond issue was launched on July 28, when the ministry raised RON687 million at an average yield of 4.23% a year.
The ministry has revised down its estimate for this month’s borrowing needs in local currency, to RON2.21 billion from RON3.24 billion. Also this month, the institution raised EUR250 million in a reopening of its January 2019-dated Eurobond, at a record low yield of 2.19% a year.
So far in 2014, the country sold RON27.2 billion in leu-denominated notes and EUR928.7 million at four 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=RON4.3947)