The ministry had planned to sell debt worth RON700 million at the auction. Banks offered RON847 million, but the ministry rejected all yields above 5.1% a year.
At the latest similar auction February 4, the ministry sold RON737 million of three-year paper at an average yield of 5.69% a year.
The ministry plans to sell state treasuries worth RON2.98 billion in June, down from RON3.75 billion raised a month earlier.
So far in 2013, Romania sold RON25.7 billion in leu-denominated notes and EUR1.08 billion at two euro-denominated auctions on the local market. Additionally, the ministry tapped international markets for $1.5 billion at a US dollar-bond auction in February. (EUR1=RON4.4763)