The ministry planned to sell debt worth RON500 million at Thursday’s auction. Banks offered RON1.42 billion.
At the previous similar auction March 22, the ministry sold a planned RON1 billion in five-year paper at an annual yield of 6.16%.
The ministry sold debt worth RON4.67 billion in five out of six auctions scheduled in April, above its initial target of RON4.25 billion. The last auction this month due April 26 is expected to fetch another RON200 million.
So far in 2012, Romania sold roughly RON30.8 billion in leu-denominated state notes. Additionally, the ministry sold $2.25 billion in 10-year US dollar-denominated bonds on the US market. (EUR1=RON4.3748)