The ministry has scheduled five auctions in May.

Four bond issues are expected to bring the ministry a total of RON3.05 billion, while a one-year treasury bills sales is seen raising RON0.75 billion.

So far in 2012, Romania sold RON31 billion in leu-denominated state notes. Additionally, the ministry sold $2.25 billion in 10-year US dollar-denominated bonds on the US market. (EUR1=RON4.3747)