The ministry planned to sell state paper worth RON300 million at today’s tender. Banks offered RON1.83 billion, but the ministry wouldn’t accept higher yields, central bank data showed.
At the latest similar auction January 10, the ministry sold RON1.82 billion of four-year paper, at an annual yield of 6.03%.
Also Thursday, the ministry has placed a 10-year dollar-denominated bond on the US market in a bid to attract between $500 million and $1.5 billion.
The ministry plans to sell state treasuries worth RON3.7 billion in February, well below the RON11.4 billion raised a month earlier.
So far in 2013, Romania sold RON14.1 billion in leu-denominated notes and EUR502.5 million at a three-year euro-denominated auction on the local market.(EUR1=RON4.3844)