The bond, placed Thursday in international markets, has a coupon of 4.375%.

“The rating is in line with Romania’s BBB- long-term foreign currency Issuer Default Rating, on which the outlook is stable,” Fitch said.

The Romanian Finance Ministry Thursday raised $1.5 billion at its first international bond issue this year.

The annual yield on the 10-year notes was set at 4.5%, below the initial price guidance of 4.625%.

The placement drew around $7 billion in bids, market participants told Mediafax.