The ministry sold only the targeted amount at today’s auction, although book orders amounted to RON1.36 billion, central bank data showed.
The average yield for the bond due in January 2018 was 2.11%, up slightly from 2.08% on March 16, when the treasury last reopened the bond issue, selling RON300 million worth of paper. The maximum accepted yield at today’s auction was 2.12%.
The issue will be reopened tomorrow in a bid to raise RON60 million at a supplementary non-competitive sale.
The ministry plans to sell RON2.7 billion in state treasuries in April, down from RON3.3 billion in February. So far this year, the ministry raised RON12 billion at bond auctions on local market.