Speaking at a press conference, Dragoi said the ministry decided to upgrade the program after participants in Romania’s latest international debt sale inquired about the possibility to buy US dollar-denominated paper.
Early June, Romania sold EUR1.5 billion in five-year eurobonds, at an annual yield of 5.29%. It was the first issue of the country’s new EUR7 billion medium-term notes program and ministry officials said a second one might follow later in the year.
The sale drew significant bids from investors in the UK, Ireland and the US, who bought together about 50% of the debt.
Erste Group and Societe Generale were bookrunners on the deal.