It was the first debt sale since October where the ministry has not sold any notes.

The ministry planned to sell paper worth 800 million lei (EUR179.2 million) at Monday’s auction. Bank offers amounted to slightly more than RON1 billion.

At the previous similar auction June 11, the ministry sold RON506.8 million in one-year treasury bills, half the planned amount, as the average yield rose to 5.29% 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=RON4.464)