Banks offered RON412.7 million, but the ministry rejected all yields above 5.33% a year.

The ministry last tried to reopen the 10-year bond on February 13, but rejected all bids at a RON100 million sale, due to high yields.

Romania plans to sell leu-denominated treasuries worth RON2.68 billion in March, up from around RON2 billion in the previous month. Also this month, the ministry hopes to raise at least EUR200 million at a five-year Eurobond on March 20.

So far in 2014, Romania sold around RON8 billion in leu-denominated notes and EUR478.7 million at two euro-denominated auctions on the local market. The ministry also tapped international markets for $2 billion at a two-part U.S. dollar bond issue in January. (EUR1=RON4.4996)