It was the first 4-year leu-denominated bond issued since record keeping began in 2005.
The ministry planned to sell RON1 billion at Thursday’s auction. Banks offered RON2.75 billion, but the ministry rejected all yields above 6.09% a year.
The ministry plans to sell debt worth RON4.25 billion in April, down from RON7.86 billion sold a month earlier.
So far in 2012, Romania sold roughly RON28.4 billion (EUR6.5 billion) in leu-denominated state notes. Additionally, the ministry sold $2.25 billion in 10-year US dollar-denominated bonds on the US market. (EUR1=RON4.373)