The ministry plans to raise RON1 billion in 12-month paper at a treasury-bill auction on December 15, and RON500 million in six-month bills at an auction on December 22.

The ministry has scheduled four auctions for long-term notes, where it plans to raise RON1.8 billion, and four sessions of non-competitive bids, aiming to sell an additional RON270 million worth of bonds during next month.

In November, Romania borrowed RON3.7 billion through state paper auctions.

So far in 2014, the country sold RON37.4 billion in leu-denominated notes and EUR928.7 million at four 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, and raised EUR2.75 billion in two Eurobond sales. (EUR1=RON4.4247)