Eligible candidates may file bids until September 6.
Bogdan Dragoi, state secretary with the ministry, said in July that Romania would be able to sell US dollar-denominated bonds on international markets in four to five months, following an upgrade process of the MTN program already under way.
Dragoi said the ministry decided to upgrade the program after participants in Romania’s latest international debt sale inquired about the possibility to buy US dollar-denominated paper.
Early June, Romania sold EUR1.5 billion in five-year bonds, at an annual yield of 5.29%. It was the first issue of the country’s EUR7 billion MTN program and ministry officials said a second one might follow later in the year.
The sale drew significant bids from investors in the UK, Ireland and the US, who bought together about 50% of the debt.
Erste Group and Societe Generale were bookrunners on the deal.