Banks offered RON1.83 billion, but the ministry rejected all yields above 4.29% a year, central bank data showed.
At the latest similar auction February 10, the ministry sold bonds worth RON800 million at an average annual yield of 4.06%.
The ministry plans to sell leu-denominated treasuries worth RON2.68 billion in March, up from around RON2 billion in the previous month. Also this month, the ministry hopes to raise at least EUR200 million at a five-year Eurobond on March 20.
So far in 2014, Romania sold RON7.93 billion in leu-denominated notes and EUR478.7 million at two 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.(EUR1=RON4.4754)