Banks offered RON1.04 billion, but the ministry rejected all yields above 5.59% a year, central bank data showed.

At the previous similar auction February 4, the ministry sold a similar RON500 million of one-year paper at an annual yield of 5.51%.

The ministry plans to sell state treasuries worth RON3.7 billion in February, well below the RON11.4 billion raised a month earlier.

So far in 2013, the ministry sold RON14.62 billion in leu-denominated notes and EUR502.5 million at a three-year euro-denominated auction on the local market. Additionally, the ministry tapped international markets for US1.5 billion at a dollar-bond auction last week. (EUR1=RON4.387)