Bank offers amounted to RON770 million, but the ministry was not satisfied with the yield level.
At the previous similar auction August 4, the ministry sold RON372 million in five-year paper at an average annual yield of 7.35%.
The ministry plans to sell debt worth RON4.7 billion in September, up from roughly RON2.6 billion sold a month earlier.
So far this year, Romania sold around RON38.3 billion (EUR9 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=RON4.2306)