The ministry planned to sell debt worth RON1.2 billion at Monday’s auction. Banks offered a total of RON3.2 billion and the ministry rejected yields above 6.6%, central bank data showed.
At the latest similar auction October 24, the ministry sold RON735.7 million in 11-month paper at a 6.82% average yield.
The ministry plans to sell debt worth RON4.5 billion in December, up from RON3.9 billion sold a month earlier.
So far in 2011, Romania sold around RON49.3 billion (EUR11.3 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=RON4.3409)