The ministry planned to sell debt worth RON900 million at Monday’s auction. Banks offered RON1.47 billion, but the ministry wasn’t satisfied with the yield level.
At the latest similar auction April 12, the ministry sold a planned RON800 million in two-year paper at an annual yield of 5.5%.
The ministry plans to sell debt worth RON3.8 billion in May, down from RON4.9 billion sold a month earlier.
So far in 2012, Romania sold RON33.4 billion in leu-denominated state notes. Additionally, the ministry sold $2.25 billion in 10-year US dollar-denominated bonds on the US market. (EUR1=RON4.4373)