The five-year Eurobond was launched on January 23 and carries a coupon of 3.4%. The ministry raised EUR278.7 million at the original auction in January at an average yield of 3.18% a year, and drew EUR200 million in another reopening of the bond in February.
Apart from the EUR200 million Eurobond, the ministry plans to sell leu-denominated treasuries worth 2.68 billion lei (EUR595 million) in March, from slightly above RON2 billion in the previous month.
So far in 2014, Romania sold RON6.74 billion in leu-denominated notes and EUR478.7 million at two euro-denominated auctions on the local market. The ministry also tapped international markets for $2 billion at a two-part U.S. dollar bond issue in January. (EUR1=RON4.4995)