The auction is scheduled for Friday. The bond issue was first launch in May 2011, when the ministry sold EUR939.2 million worth of paper, at an average yield of 4.89%.

In October, Romania raised EUR421.5 million from a tap of its 2015 foreign currency bond, almost triple the planned amount, at an average yield of 3.76% a year.

So far this year, the finance ministry sold RON48.7 billion (EUR10.8 billion) in leu-denominated paper on the local market. Additionally, Romania tapped international debt markets for $2.25 billion at two US dollar-denominated bond sales and raised another EUR2.25 billion via two Eurobonds.