The ministry planned to raise RON600 million at Thursday’s auction. Banks offered RON836 million, but the ministry wasn’t satisfied with the yield level.
At the latest similar auction September 15, the ministry sold RON180 million in three-year paper at an annual yield of 7.49%.
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 RON42.78 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=RON4.3308)