The ministry planned to sell RON1 billion at Monday’s tender. Banks offered RON3.52 billion, central bank data showed.
At the latest similar auction February 13, the ministry sold RON1.5 billion in one-year paper at an average yield of 5.8%.
The ministry plans to sell debt worth RON5 billion in March, down from RON8.3 billion sold a month earlier.
So far in 2012, Romania sold RON22.77 billion (EUR5.2 billion) in leu-denominated state notes. Additionally, the ministry sold $2.25 billion in 10-year US dollar-denominated bonds on the American market. (EUR1=RON4.3558)