The average yield rose to 3.59% a year, from 3.12% at the previous auction. The ministry planned to sell RON300 million worth of state paper at today’s auction.
Banks offered RON1.25 billion, but the ministry rejected all yields above 3.6%, central bank data showed.
The ministry plans to sell state treasuries worth around RON4 billion in December, down from RON4.55 billion in the previous month.
So far in 2013, Romania sold RON46.5 billion in leu-denominated notes and EUR1.57 billion at four 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 and raised another EUR2 billion at two Eurobond sales in September and October, respectively. (EUR1=RON4.4527)