The ministry had planned to sell debt worth EUR250 million to EUR500 million at today’s tender.
“The offer was oversubscribed almost five times. This is the cheapest seven-year loan in euros Romania has taken so far,” the ministry said in a statement.
At the initial sale in September, the ministry sold EUR1.5 billion of seven-year euro-denominated bonds at an annual yield of 4.4769%.
Apart from the two Eurobond auctions, Romania sold so far this year 39.06 billion lei (EUR8.78 billion) in leu-denominated notes and EUR1.57 billion at four euro-denominated auctions on the local market. Also, the ministry tapped international markets for $1.5 billion at a US dollar-bond auction in February. (EUR1=RON4.4478)