The ministry planned to raise RON900 million at Monday’s auction. Banks offered RON3.54 billion, central bank data showed.
At the latest similar auction February 20, the ministry sold RON917 million in two-year paper at an annual yield of 6.95%.
The ministry plans to sell debt worth RON5 billion in March, down from RON8.3 billion sold a month earlier.
So far in 2012, Romania sold RON20.29 billion (EUR4.66 billion) in leu-denominated state notes. Additionally, the ministry sold $2.25 billion in 10-year US dollar-denominated bonds on the American market. (EUR1=RON4.3514)