The ministry had planned to sell debt worth RON600 million today. Banks offered RON626.3 million, but the ministry rejected all yields below 5.15%.
At the previous similar tender February 17, the ministry sold RON500 million in five-year paper at an average yield of 4.08%.
The ministry had planned to sell debt in local currency worth RON4.06 billion in February, but it only raised around RON1.9 billion because of a weak demand.
Also in February, the ministry sold a planned EUR200 million in a reopening of its January 2019-dated Eurobond, at an average yield of 3.3% a year.
So far in 2014, Romania sold RON6.68 billion in leu-denominated notes and EUR478.7 million at two 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. (EUR1=RON4.5101)