Banks offered to buy RON1.14 billion worth of paper, and the maximum accepted yield was 1.22%, central bank data showed.

At the previous similar auction in February, the ministry sold three-month paper worth of RON355 million at an average yield of 1.24%.

In March, the ministry raised more than RON2.33 billion at auctions on the local market, part of a plan of RON3.34 billion for the whole month. The last tender of the month is scheduled for Thursday, when the treasury plans to sell 12-month notes for RON1 billion.

So far this year, the ministry raised RON10.6 billion at paper auctions on the local market.