Banks offered around RON895 million, central bank data showed.

At the previous similar auction June 16, the ministry sold RON330 million in five-year paper at an average annual yield of 7.34%.

The ministry plans to sell debt worth RON4 billion in July, up from RON3.7 billion sold a month earlier.

So far this year, Romania sold roughly RON32.5 billion in leu-denominated state notes. Additionally, a three-year foreign currency bond auction held May 4 has brought the ministry EUR939.2 million, while an international debt sale early June raised EUR1.5 billion. (EUR1=RON4.2778).