The yield fell below 6% a year for the first time since April 2010.
The ministry planned to sell debt worth RON300 million at Monday’s auction. Banks offered RON1.73 billion, but the ministry rejected all yields above 6% a year, central bank data showed.
At the previous similar auction November 14, the ministry sold roughly RON1.4 billion in six-month paper at an annual yield of 6.51%.
The ministry sold debt worth RON9.93 billion in January, more than double from RON4.5 billion targeted. A month earlier, the ministry sold RON5.35 billion in state paper.
In 2011, Romania sold around RON51.5 billion (EUR12 billion) in leu-denominated state notes, 25% higher compared with RON41 billion in the previous year. 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=RON4.3463)