The exact time of the launch and the yield will be settled according to international market conditions, a government document shows.
By selling bonds, which will have a residual maturity of six years, the Treasury tries to prevent contagion effects from an external crisis, by building a stronger buffer, according to the grounding note for a government decision draft.
In June 2008, Romania sold 10-year bonds worth EUR750 million at 170 basis points over mid-swaps. Credit Suisse, EFG Eurobank and UBS were bookrunners of the issue, which carries a coupon of 6.5%.
So far in 2012, Romania sold RON35.8 billion in leu-denominated state notes and $2.25 billion in US dollar-denominated bonds.