Banks offered RON1.65 billion, central bank data showed.
At the previous similar auction February 27, the ministry sold RON300 million in six-month paper at an annual yield of 5.22%.
The ministry sold debt worth RON7.86 billion in February. The figure is higher than the RON5 billion initially targeted, but it’s slightly below the RON8.3 billion sold a month earlier.
So far in 2012, Romania sold RON26.1 billion (EUR5.9 billion) in leu-denominated state notes. Additionally, the ministry sold $2.25 billion in 10-year US dollar-denominated bonds on the US market. (EUR1=RON4.3691)