The ministry planned to sell debt worth RON800 million at today’s tender. Banks offered RON1.9 billion, central bank data showed.
At the latest similar auction September 6, the ministry sold RON600 million of one-year paper at an average yield of 6.07% a year.
The ministry already exceeded its issuance plan for September, of RON3.3 billion. It sold RON4.34 billion worth of paper in five out of six auctions, with the last one expected to raise another RON200 million.
Last month, however, the ministry raised a little more than half of its RON2.5 billion target, after prolonged political tensions drove yields higher.
So far in 2012, Romania sold RON43.27 billion in leu-denominated state notes and $2.25 billion in US dollar-denominated bonds.
Early September, the country raised another EUR750 million via a tap of its 6.5% June 2018-dated eurobond at an annual yield of 5.15%, which was below the initial guidance of 5.25%. (EUR1=RON4.4975)