The ministry sold only the targeted amount at today’s auction, although demand was high, with book orders amounting to RON2.66 billion.
The average yield for the bond due in January 2018 was 2.07%, down from 2.21% in mid-December when the treasury last reopened the bond issue.
The issue will be reopened tomorrow in a bid to raise RON75 million at a supplementary non-competitive sale.
So far this year, the finance ministry sold RON1 billion paper at auctions on the local market.
In January, the ministry aims to borrow around RON3.5 billion at treasury auctions.