The ministry planned to sell debt worth RON500 million at today’s tender. Banks offered RON1.84 billion, central bank data showed.
At the most recent reopening of the bond on April 24, the ministry sold RON500 million of 10-year paper at an average annual yield of 4.94%.
The ministry has to repay debt worth RON2.08 billion in May.
So far in 2014, Romania sold RON14.54 billion in leu-denominated notes and EUR678.7 million at three 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, and raised EUR1.25 billion in a ten-year Eurobond sale last month. (EUR1=RON4.434)