The ministry planned to sell debt worth RON600 million at Thursday’s auction. Banks offered around RON810 million, but the ministry rejected all offers above 7.39% a year, central bank data showed.
At the previous similar auction May 19, the ministry sold a planned RON500 million in five-year paper at an average annual yield of 7.34%.
The ministry plans to sell debt worth RON4.3 billion in June, down from around RON5 billion sold a month earlier.
So far this year, Romania sold RON28.3 billion in leu-denominated state notes. Additionally, a three-year foreign currency bond auction held May 4 has brought the ministry EUR939.2 million, while an international debt sale early June raised EUR1.5 billion. (EUR1=RON4.2088)