Banks offered RON982 million at today’s tender, but the ministry rejected all yields above 4.64% a year, central bank data showed.
At the previous similar tender August 22, the ministry sold RON500 million in five-year paper at an average yield of 4.74% a year.
The ministry plans to sell state treasuries worth RON3.87 billion in September, well above the RON1.97 billion raised a month earlier.
Also in September, the ministry sold EUR1.5 billion of euro-denominated bonds in international markets at a record yield low of 4.77% a year. The seven-year bond was heavily oversubscribed.
So far in 2013, Romania sold roughly RON34 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=RON4.4712)