The ministry planned to raise RON600 million at today’s tender. Banks offered RON1.26 billion, but the ministry rejected all yields above 5.85% a year.
At a similar auction June 7, the ministry sold RON336.4 million in two-year paper with a yield of 5.73%.
The ministry plans to sell RON3.5 billion in debt this month, similar to RON3.54 billion sold in May.
So far in 2012, Romania sold RON35.86 billion in leu-denominated state notes and $2.25 billion in US dollar-denominated bonds. (EUR1=RON4.4595)