Banks offered to buy RON2.09 billion, but the ministry rejected all yields above 5.5% a year.
The bond issue, which is included in one of JP Morgan’s benchmark indexes, was launched in April 2012 and it matures in January 2016.
At the latest similar auction February 14, the ministry sold RON397.6 million of state paper, at an annual yield of 5.73%.
The ministry plans to sell state treasuries worth RON3 billion in March, below the RON4 billion raised a month earlier.
So far in 2013, Romania sold RON15.9 billion in leu-denominated notes and EUR502.5 million at a three-year euro-denominated auction on the local market. Additionally, the ministry tapped international markets for $1.5 billion at a US dollar-bond auction in February. (EUR1=RON4.3524)