The ministry planned to sell debt worth RON200 million at Thursday’s auction. Banks offered RON554.6 million.
At the previous similar auction February 23, the ministry sold RON122 million in 15-year paper at an annual yield of 6.98%.
The ministry sold debt worth RON4.9 billion in April, above its initial target of RON4.25 billion, but below RON7.86 billion sold a month earlier.
So far in 2012, Romania sold RON31 billion in leu-denominated state notes. Additionally, the ministry sold $2.25 billion in 10-year US dollar-denominated bonds on the US market. (EUR1=RON4.3757)