The ministry planned to sell RON1.3 billion at Monday’s auction. Banks offered RON3.74 billion, central bank data showed.
At the latest similar auction November 28, the ministry sold RON249 million in one-year paper at an average yield of 6.65%.
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 a little over RON51 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=RON4.3146)