Banks offered RON929.5 million at today’s tender, central bank data showed.
At the latest similar auction March 21, the ministry sold RON500 million of 10-year paper at an average yield of 5.81% a year.
The ministry sold state treasuries worth RON2.5 billion in April, in line with the initial target. A month earlier, the ministry sold debt worth RON3 billion.
Also in April, the institution sold EUR581.4 million in the reopening of its February 2016 Eurobond, at a record low average yield of 2.9% a year.
Yields at Romanian debt auctions have been falling to record lows in the past month, tracking the evolution in neighboring countries. Market sentiment also improved after French lenders BNP Paribas and Societe Generale suggested investors should buy Romanian bonds, citing positive developments in the local market.
So far in 2013, the country sold RON20.92 billion in leu-denominated notes and EUR1.08 billion at two euro-denominated auctions on the local market. Additionally, the ministry tapped international markets for $1.5 billion at a US dollar-bond auction in February. (EUR1=RON4.3557)