Banks offered RON565 million, central bank data showed. The issue will be reopened at a supplementary non-competitive tender tomorrow in a bid to raise another RON45 million.
At the latest reopening of the bond in June, the ministry sold RON300 million of five-year paper at an average yield of 3.32%.
The ministry plans to sell state treasuries worth RON4.1 billion in July, up from RON3.95 billion raised a month earlier. The institution has to repay debt worth RON6.8 billion this month.
So far in 2014, the country sold RON24.17 billion in leu-denominated notes and EUR678.7 million at three 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. (EUR1=RON4.4155)