Banks offered RON1.3 billion, but the ministry rejected all yields above 7.22% a year.
At the latest similar auction May 5, the ministry sold RON206 million in three-year paper at an annual yield of 7.31%.
The ministry plans to sell debt worth RON4.3 billion in June, down from around RON5 billion sold a month earlier.
So far this year, Romania sold RON28 billion in leu-denominated state notes. Additionally, a three-year foreign currency bond auction held May 4 has brought the ministry EUR939.2 million. (EUR1=RON4.172).