The ministry planned to sell debt worth RON1 billion at Monday’s auction. Banks offered a total of RON2.45 billion, central bank data showed.
This was the second 7-month treasury sale ever. At the first one held in January, the ministry sold paper worth RON1B at 6.28% average yield.
The ministry plans to sell debt worth RON4.5 billion in December, up from RON3.93 billion sold a month earlier.
So far in 2011, Romania sold around RON48.7 billion (EUR11.2 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=RON4.353)