The ministry planned to sell RON1 billion at Monday’s auction. Banks offered RON2.3 billion, the data showed.
At the latest similar tender April 5, the ministry sold RON1.5 billion of four-year paper at an average yield of 6.06% a year.
The ministry plans to sell debt worth RON3.8 billion in May, down from RON4.9 billion sold a month earlier.
So far in 2012, Romania sold RON33.1 billion in leu-denominated state notes. Additionally, the ministry sold $2.25 billion in 10-year US dollar-denominated bonds on the US market. (EUR1=RON4.4165)