The ministry planned to sell RON1 billion of state paper at Monday’s tender. Banks offered RON1.5 billion, but the ministry rejected all yields above 6.84%, central bank data showed.
At the latest similar auction September 19, the ministry sold RON657 million in nine-month paper at an average yield of 6.74% a year.
The ministry plans to sell debt worth RON4.5 billion in November, more than double from RON2.13 billion sold a month earlier.
So far this year, Romania sold around RON47.4 billion (EUR10.87 billion) in leu-denominated state notes. Additionally, two foreign currency bond auctions have brought the ministry EUR1.4 billion, while an international debt sale early June raised EUR1.5 billion. (EUR1=RON4.3608)