Banks offered RON2.8 billion, but the ministry rejected all yields above 6.69% a year.
At the latest similar auction October 24, the ministry sold roughly RON736 million in one-year paper at an average yield of 6.82%.
The ministry plans to sell debt worth RON4.5 billion in November, more than double from RON2.13 billion sold a month earlier.
So far this year, Romania sold around RON45.2 billion (EUR10.4 billion) in leu-denominated state notes. Additionally, two foreign currency bond auctions have brought the ministry EUR1.4 billion, while an international debt sale early June raised EUR1.5 billion. (EUR1=RON4.354)