Banks offered RON1.63 billion at today’s tender, but the ministry rejected all yields above 4.31% a year, central bank data showed.
At the previous similar tender June 6, the ministry sold RON542 million in five-year paper at an average yield of 4.96% a year.
The ministry plans to sell state treasuries worth RON1.98 billion in August, above the RON1.75 billion raised a month earlier.
So far in 2013, Romania sold RON29.96 billion in leu-denominated notes and EUR1.41 billion at three euro-denominated auctions on the local market. The ministry also tapped international markets for $1.5 billion at a US dollar-bond sale in February. (EUR1=RON4.4537)