Banks offered RON733 million, but the ministry rejected all yields above 6.59% a year.
At the previous similar auction May 17, the ministry sold RON699 million in five-year paper at an annual yield of 6.15%.
The ministry sold debt worth RON3.13 billion in October, below its RON4.15 billion target. In addition, the ministry raised EUR421.5 million from a tap of its 2015 foreign currency bond at an annual yield of 3.76%.
So far in 2012, Romania sold RON46.6 billion in leu-denominated state notes and $2.25 billion in US dollar-denominated bonds.
Early September, the country raised another EUR750 million via an international tap of its 6.5% June 2018-dated eurobond at an annual yield of 5.15%. (EUR1=RON4.564)