The ministry sold only the targeted amount at today’s auction, although book orders amounted to RON972.8 million, central bank data showed.
The average yield for the bond due in January 2018 was 2.08%, up slightly from an all-time low for this maturity of 1.94% on February 10, when the treasury last reopened the bond issue, selling RON700 million worth of paper. The maximum accepted yield at today’s auction was 2.09%.
The issue will be reopened tomorrow in a bid to raise RON45 million at a supplementary non-competitive sale.
The ministry plans to sell RON3.3 billion in state treasuries in March, down from RON4.7 billion in February. So far this year, the ministry raised RON9.7 billion at bond auctions on local market. (EUR1=RON4.437)