The ministry planned to sell RON1.5 billion at Monday’s auction. Banks offered RON4.25 billion, central bank data showed.
At the latest similar auction January 9, the ministry sold RON2.38 billion in one-year paper at an average yield of 6.23%.
The ministry already exceeded its issuance plan for January, of RON4.5 billion. It sold over RON8.2 billion worth of paper in just four auctions, with the remaining two expected to raise another RON600 million.
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=RON4.3347)