The ministry planned to sell RON400 million at Monday’s auction. Banks offered RON717.6 million, the data showed.
At the latest similar tender May 10, the ministry sold RON1.34 billion of four-year paper at an average yield of 6.09% a year.
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 RON35.8 billion in leu-denominated state notes and $2.25 billion in US dollar-denominated bonds. (EUR1=RON4.4635)