The ministry planned to sell debt worth RON1 billion at Monday’s auction. Banks offered RON2.4 billion, but the ministry rejected all yields above 6.55, central bank data showed.
At the previous similar auction October 3, the ministry sold RON298 million in six-month paper, at an annual yield of 6.69%.
The ministry plans to sell debt worth RON4.5 billion in November, more than double from RON2.13 billion sold a month earlier.
So far this year, Romania sold around RON46.6 billion (EUR10.7 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=RON4.3448)