Banks offered to buy RON980.3 million worth of bonds at today’s auction but the treasury stuck to its issuance plan. The maximum accepted yield was 2.77%, central bank data showed.
At the previous similar tender in April, the ministry sold RON300 million of seven-year paper at an average yield of 2.36%, an all-time low for this maturity.
The issue will be reopened tomorrow in a bid to raise RON60 million at a supplementary non-competitive sale.
So far this year, the ministry raised RON15.8 billion at bond auctions on local market.