Banks offered RON938 million, central bank data showed.

At the previous similar auction September 1, the ministry failed to raise any funds, again due to high yields. The latest successful five-year bid was held on August 4, when the ministry sold paper worth RON372 million at an average yield of 7.35% a year.

The ministry plans to sell debt worth RON4.2 billion in October, up from RON3.13 billion sold a month earlier.

So far this year, Romania sold around RON41.7 billion (EUR9.6 billion) in leu-denominated state notes. Additionally, two foreign currency bond auctions have brought the ministry EUR1.4 billion, while an international debt sale early June raised EUR1.5 billion. (EUR1=RON4.3128)