Banks offered RON2.58 billion, but the ministry rejected all yields above 5.39% a year, central bank data showed.
At the latest similar auction March 12, the ministry sold RON2.5 billion in one-year paper at an average yield of 5.27%.
The ministry sold debt worth RON6.56 billion in five out of seven auctions scheduled in March, above its initial target of RON5 billion. The remaining two auctions are expected to bring the ministry another RON1.3 billion.
So far in 2012, Romania sold RON24.8 billion (EUR5.6 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=RON4.3794)