Banks offered RON2 billion, but the ministry rejected all yields above 6.91% a year.
At the previous similar auction May 2, the ministry sold RON1.64 billion in one-year paper at an average annual yield of 6.85%.
The ministry plans to sell debt worth RON4.8 billion in May, down from RON6.1 billion sold a month earlier.
So far this year, Romania sold RON24.2 billion in leu-denominated state notes. Additionally, a three-year foreign currency bond auction held May 4 has brought the ministry EUR939.2 million. (EUR1=RON4.1039)