The ministry had planned to sell RON1 billion at Monday’s tender. Banks offered RON2 billion, but the ministry rejected all yields above 5.3% a year.
At the latest similar auction May 7, the ministry sold RON750 million in one-year paper with a yield of 5.02%.
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 RON35.4 billion in leu-denominated state notes and $2.25 billion in US dollar-denominated bonds. (EUR1=RON4.4594)