Banks offered RON544.5 million, but the ministry rejected all yields above 6.6% a year, central bank data showed.
At the latest similar auction October 11, the ministry sold RON250 million in three-year paper at an annual yield of 6.53%.
The ministry plans to sell state paper worth RON3.55 billion in November, slightly up from RON3.13 billion in the previous month. Still in November, the ministry will reopen its 2014-dated Eurobond to raise EUR150 million.
So far in 2012, Romania sold on the local market RON49 billion in leu-denominated state notes and EUR421.5 million via a tap of an existing foreign currency bond due 2015.
Additionally, Romania tapped international debt markets for $2.25 billion at two US dollar-denominated bond sales and raised another EUR2.25 billion via two Eurobonds. (EUR1=RON4.5379)