It was the lowest average yield ever paid for leu-denominated state notes.
Banks offered RON2.6 billion at today’s tender, but the ministry rejected all yields above 5.35% a year, central bank data showed.
At the previous similar auction January 23, the ministry sold roughly RON1.3 billion in six-month paper at an annual yield of 5.87%.
The ministry sold debt worth RON8.32 billion in February. The figure is higher than the RON5 billion initially targeted, but it’s still below the RON9.93 billion sold a month earlier.
In 2011, Romania sold around RON51.5 billion (EUR12 billion) in leu-denominated notes, 25% higher on the year. Additionally, two foreign currency bond auctions have brought the ministry EUR1.4 billion, while an international debt sale early June raised EUR1.5 billion. (EUR1=RON4.3525)