Of the total, RON189 million (EUR38.8 million) were subscribed on the euro-denominated issue, with a five-year maturity and an 1.85% annual interest, broker data showed.

The one year issue in lei, with 3.5% interest, attracted RON65.5 million by closing time Wednesday, while the the three-year issue in lei with 4% interest attracted RON45.3 million.

“It’s a very promising start,” said Marcel Murgoci, trading manager at Estinvest.

The offer for government bonds runs until November 27. The offer addresses individual investors exclusively and the minimum subscription is RON5,000 for the leu-denominated bonds and EUR1,000 for the euro-denominated issue.

Bond subscriptions area available via the bank syndicate of Banca Transilvania, BRD and BCR, or via brokers on the Romanian stock exchange.