The treasury planned to sell RON500 in T-bills at today’s tender. Banks offered RON845.1 million, and the maximum accepted yield was 1.27%.
The ministry last sold three-month paper in July 2009. Monday, the debt managers got the lowest annual yield recorded at a treasury auction ever. In January, the ministry sold 11-month T-bills at 1.36%.
In February, the ministry raised more than RON4.7 billion at auctions on the local market, more than RON3.6 billion in January.
Last year, the country sold more than RON40 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 2014, and raised EUR2.75 billion in two ten-year Eurobond issues.