At the most recent reopening of the bond in September, the ministry sold RON300 million of 3-year paper at an average yield of 2.76% a year.
Banks offered RON709.9 million, but the ministry sold only the planned amount. The issue will be reopened tomorrow in a bid to raise RON30 million at a supplementary non-competitive sale.
In October, the ministry plans to sell almost RON4 billion in state treasuries. Including today’s auction, Romania raised RON875 million on three maturities this month.
So far in 2014, the country sold RON30.5 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.