The ministry planned to sell RON500 million at today’s auction and book orders amounted RON599.9 million, central bank data showed.
The bond was last reopened in July, when the ministry raised RON575 million at an average yield of 3.3% a year. In August, the ministry rejected all bids in another similar auction, citing high yields.
The issue will be reopened tomorrow in a bid to raise RON75 million at a supplementary non-competitive sale.
The ministry plans to sell a little over RON3 billion in state treasuries in September.
So far in 2014, the country sold RON28.8 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=RON4.4098)