The ministry has scheduled eight auctions in November.

Two short-term debt auctions are expected to bring the ministry RON1.6 billion, while six bond issues are seen raising RON1.95 billion.

So far in 2012, Romania sold on the local market RON46.6 billion in leu-denominated state notes and EUR421.5 million via a tap of an existing foreign currency bond due 2015.

Additionally, Romania sold $2.25 billion in US dollar-denominated bonds at two auctions in the US and another EUR750 million via an international tap of its 6.5% June 2018-dated eurobond.

Wednesday, the ministry raised EUR1.5 billion at a seven-year eurobond sale in international markets. The annual yield was set at 370 basis points above the mid-swap rate, below the initial guidance of 375 basis points above mid-swaps. (EUR1=RON4.5318)