The ministry sold only the targeted amount at today’s auction, while book orders amounted to RON1.33 billion, central bank data showed.

At the end of October, the ministry sold RON500 million of three-year bonds at 2.57% yield.

The issue will be reopened tomorrow in a bid to raise RON75 million at a supplementary non-competitive sale.

Including today’s auction, the ministry sold state paper worth of RON3.3 billion in November.

So far in 2014, the country sold RON37 billion in leu-denominated notes and EUR928.7 million at four 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 EUR2.75 billion in two ten-year Eurobond sales.