The ministry planned to sell debt worth RON1 billion at today’s auction. Banks offered RON1.94 billion, but the ministry rejected all yields above 6.83% a year.
At the latest similar auction October 10, the ministry sold roughly RON117 million in one-year paper at an average yield of 6.83%.
The ministry plans to sell debt worth RON4.2 billion in October, up from RON3.13 billion sold a month earlier.
So far this year, Romania sold around RON43.7 billion (EUR10 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=RON4.323)