Banks offered RON1.34 billion at today’s tender, but the ministry rejected all yields above 5.08% a year.
At the previous similar tender September 12, the ministry sold RON500 million of seven-year notes at an average yield of 5.11%.
The ministry plans to sell debt worth RON4.55 billion in November, down from RON5.25 billion raised a month earlier.
So far in 2013, Romania sold RON43.56 billion in leu-denominated notes and EUR1.57 billion at four 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 and raised another EUR2 billion at two Eurobond sales in September and October, respectively. (EUR1=RON4.4462)