The ministry planned to sell debt worth EUR150 million at the tender. Banks offered EUR503.8 million, central bank data showed.
The bond, launched in May 2011 on the local market, had the same 4.5% coupon as the original sale. The ministry raised EUR939.2 million at the first auction in 2011, at an annual yield of 4.89%.
So far in 2012, Romania sold on the local market RON49 billion (EUR10.8 billion) in leu-denominated state notes and EUR421.5 million via a tap of an existing foreign currency bond due 2015.
Additionally, Romania tapped international debt markets for $2.25 billion at two US dollar-denominated bond sales and raised another EUR2.25 billion via two Eurobonds. (EUR1=RON4.5376)