Banks offered RON932 million, but the ministry wasn’t satisfied with the yield level.
At the previous similar auction May 16, the ministry sold RON1.1 billion in six-month paper at an average annual yield of 6.29%.
The ministry sold debt worth RON3.13 billion in September, up from roughly RON2.6 billion sold a month earlier.
So far this year, Romania sold around RON41.44 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=RON4.2984).