The ministry sold only the targeted amount at today’s auction, although book orders amounted to RON975 million, central bank data showed.
The average yield for the bond due in January 2018 was 1.94%, down from 2.07% on January 8 when the treasury last reopened the bond issue, selling RON500 million worth of paper. The maximum accepted yield at today’s auction was 1.98%.
The issue will be reopened tomorrow in a bid to raise RON105 million at a supplementary non-competitive sale.
The ministry aims to borrow around RON5 billion at treasury auctions in February, up from RON3.6 billion last month. Including today’s auction, the treasury already raised RON3.57 billion in February.