Banks offered RON519.1 million, but the ministry took only the planned amount. The issue will be reopened tomorrow in a bid to raise RON45 million at a supplementary non-competitive sale.
At the most recent reopening of the bond in September, the ministry sold RON244 million of 10-year paper at an average yield of 4.26% a year.
The ministry plans to sell around RON4 billion in state treasuries in October.
So far in 2014, the country sold RON30.9 billion in leu-denominated notes and EUR928.7 million at four euro-denominated auctions on the local market.
The ministry also tapped international markets for $2 billion at a two-part U. S. dollar bond issue in January, and raised EUR1.25 billion in a ten-year Eurobond sale in April.