In the last state paper auction of 2012, book orders amounted to RON5.9 billion, central bank data showed.

The ministry planned to sell state paper worth of RON3.1 billion in December, but it managed to raise RON8.06 billion.

For the whole of 2012, Romania sold treasury bills and bonds worth a total RON58.2 billion, 13% more than in the previous year. It also raised EUR763.3 million from the local market by tapping two existing foreign currency bonds, due 2014 and 2015, respectively.

Additionally, the country tapped international debt markets for $2.25 billion at two US dollar-denominated bond sales and raised another EUR2.25 billion via two Eurobonds.

Last year, the finance ministry drew EUR1.5 billion from international markets. (EUR1=RON4.4762)