The ministry planned to sell bonds worth RON700 million at Thursday’s auction. Banks offered RON1.9 billion, central bank data showed.
At the latest similar auction November 3, the ministry sold a planned RON500 million in two-year paper at a 7.23% average yield.
The ministry plans to sell debt worth RON4.5 billion in December, up from RON3.93 billion sold a month earlier.
So far in 2011, Romania sold around RON49.4 billion (EUR11.38 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=RON4.3429)