At the previous similar tender in December, the ministry sold RON500 million of seven-year notes at an average yield of 2.81%.
Banks offered just RON791.6 billion at today’s auction as the treasury has many bond sales scheduled for February. The issue will be reopened tomorrow in a bid to raise RON105 million at a supplementary non-competitive sale.
The ministry plans to sell state treasuries worth RON5 billion in February, from RON3.6 billion in the previous month.
Including today’s auction, the ministry raised RON4.27 million so far this month. (EUR1=RON4.4434)