The bond issue carries a coupon of 6.75% and is estimated to raise between $500 million and $1 billion.
End-January, Romania sold $1.5 billion in 10-year bonds on the US market at an annual yield of 6.875%. The issue drew almost $7 billion from investors, the highest offer to date for US dollar-denominated bonds issued by a country in central and eastern Europe.
Romania hired Citigroup, Deutsche Bank and HSBC to manage the sale.