Banks offered RON957.4 million at today’s tender, but the ministry rejected all bids above 4.73% a year, central bank data showed.
At the previous similar tender July 11, the ministry sold RON500 million in five-year paper at an average yield of 4.74% a year.
The ministry sold state treasuries worth RON1.75 billion in July, slightly below the initial target of RON1.76 billion.
So far in 2013, Romania sold RON28.56 billion in leu-denominated notes and EUR1.41 billion at three euro-denominated auctions on the local market. The ministry also tapped international markets for $1.5 billion at a US dollar-bond sale in February. (EUR1=RON4.3895)