Banks offered RON918.1 million at today’s tender, and the ministry rejected all yields above 5.23% a year.
At the previous similar tender in June, the ministry rejected all bids, as it wasn’t satisfied with the yield level.
The ministry plans to sell state treasuries worth RON3.9 billion in September, well above the RON2 billion raised a month earlier.
Earlier today, it launched a 7-year euro-denominated bond on foreign markets, seeking to raise up to EUR1.5 billion.
So far in 2013, Romania sold RON32.29 billion in leu-denominated notes and EUR1.41 billion at three 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. (EUR1=RON4.4847)