The ministry planned to sell RON350 million worth of paper at today’s auction. Banks offered a total of RON624 million and the ministry rejected all yields above 7.5% a year, central bank data showed.
At the latest similar auction June 23, the ministry sold roughly RON294 million in 10-year paper, at 7.47% annual average yield.
The ministry sold debt worth RON4.23 billion in July, up from RON3.7 billion sold a month earlier.
So far this year, Romania sold around RON38 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=RON4.2454).