The ministry hopes to raise between $500 million and $2 billion at the debt sale. The minimum maturity was set at 5 years, according to a ministry’s order.
HSBC, Citibank and Deutsche Bank are bookrunners for the issue.
This will be Romania’s second bond issue under a EUR7 billion medium term notes (MTNs) program approved in 2010. The first issue brought the country EUR1.5 billion at an annual yield of 5.29%, following a five-year bonds auction held in June.