This was the country’s first international bond issue in 2014, and the first 30-year US bond ever sold by Romania.
The average yields were slightly over 5% for the 10-year bonds and 6.26% for the 30-year notes, the FInance Ministry said.
“The offer was oversubscribed five times, which allowed lower yields than the initial guidance,” it said. The initial price guidance implied yield areas of 5.25% and 6.5%, respectively.
BNP Paribas, Citigroup and JP Morgan were bookrunners on the deal.
Romania plans to sell debt worth some 46 billion lei (around EUR10 billion) on the local market in 2014. Also this year, the country wants to raise some EUR2 billion at international auctions.
In 2013, Romania tapped foreign markets for $1.5 billion at a US dollar-denominated bond sale and raised another EUR2 billion via two Eurobonds.