The three-year Eurobond will carry a coupon of 3.25% per year and will mature in February 2016. The funds will be used to finance the budget deficit, the ministry said.
The ministry plans to sell leu-denominated state notes worth 4.6 billion lei (EUR1.05 billion) in January. It has already raised RON3.97 billion at three out of eight auctions scheduled for this month, taking advantage of a positive sentiment in the market following the parliamentary elections in December.
Monday, the ministry has scheduled two auctions to sell debt worth RON1.3 billion.
In 2012, Romania sold treasury bills and bonds worth RON58.2 billion, 13% higher on the year. It also raised EUR763.3 million from the local market by tapping two existing foreign currency bonds, due 2014 and 2015, respectively.
Moreover, the country tapped international debt markets for $2.25 billion at two US dollar-denominated bond sales and raised another EUR2.25 billion via two Eurobonds. (EUR1=RON4.3814)