The ministry planned to sell RON800 million worth of paper at today’s auction. Banks offered RON1.55 billion and the maximum accepted yield was 6.83% a year, central bank data showed.
At the most recent similar auction September 12, the ministry sold RON1.2 billion in one-year paper at a 6.76% average yield.
The ministry plans to sell debt worth RON4.2 billion in October, up from RON3.13 billion sold a month earlier.
So far this year, Romania sold around RON41.8 billion (EUR9.7 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=RON4.3053)