Banks offered RON4.4 billion, but the ministry rejected all yields above 5.06% a year.
At the latest similar auction March 19, the ministry sold RON1 billion in one-year paper at an average yield of 5.31%.
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 RON29.4 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=RON4.3683)