Banks offered to buy RON927.4 million worth of bonds at today’s auction but the treasury stuck to its issuance plan. The maximum accepted yield was 3.05%, central bank data showed.
At the previous similar tender in May, the ministry sold RON400 million of seven-year paper at an average yield of 2.75%.
The issue will be reopened tomorrow in a bid to raise RON45 million at a supplementary non-competitive sale.
So far this year, the ministry raised around RON18 billion at bond auctions on local market.