The ministry planned to raise RON750 million at Thursday’s auction. Banks offered RON2.78 billion, but the ministry rejected all yields above 6.8% a year.
At the latest similar auction January 12, the ministry sold RON917 million in three-year paper at an annual yield of 6.95%.
The ministry plans to sell debt worth RON5 billion in February. A month earlier, the ministry sold RON9.93 billion in leu-denominated paper and $1.5 billion in US dollar-denominated bonds. (EUR1=RON4.347)