Banks offered RON1.6 billion at today’s tender, central bank data showed.
At the previous similar auction February 7, the ministry sold RON500 million in five-year paper at an average annual yield of 5.79%.
The ministry sold state treasuries worth RON4.04 billion in February, above the initial target of RON3.7 billion, but well below RON11.4 billion raised a month earlier.
So far in 2013, the ministry sold RON15.42 billion in leu-denominated notes and EUR502.5 million at a three-year euro-denominated auction on the local market. Additionally, the ministry tapped international markets for $1.5 billion at a US dollar-bond auction last week. (EUR1=RON4.3863)