Banks offered RON1.22 billion, central bank data showed. The issue will be reopened tomorrow in a bid to raise RON75 million at a supplementary non-competitive sale.
At the previous similar tender December 9, the ministry sold RON500 million of seven-year notes at an average yield of 5.14%.
The ministry plans to sell state treasuries worth RON3.44 billion in May, down from RON4.31 billion raised a month earlier. The institution has to repay debt worth RON2.08 billion this month.
So far in 2014, Romania sold around RON16.5 billion in leu-denominated notes and EUR678.7 million at three 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 EUR1.25 billion in a ten-year Eurobond sale last month. (EUR1=RON4.417)