The ministry planned to sell RON1.2 billion at Monday’s auction. Banks offered RON4.42 billion, central bank data showed.
At the latest similar auction December 19, the ministry sold RON1.7 billion in one-year paper at an average yield of 6.55%.
The ministry plans to sell debt worth RON4.5 billion in January, down from RON5.35 billion sold a month earlier.
In 2011, Romania sold around RON51.5 billion (EUR12 billion) in leu-denominated state notes, 25% higher compared with RON41 billion in the previous year. 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=RON4.3532)