Banks offered RON1.02 billion, central bank data showed. The issue will be reopened tomorrow in a bid to raise RON60 million at a supplementary non-competitive sale.
At the previous similar tender May 22, the ministry sold RON500 million of seven-year notes at an average yield of 4.29%.
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 RON21.77 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=RON4.3867)