Romania is selling bonds on the international market for the first time after the country approved a new government to overcome more than five months of political turmoil.

The Black Sea nation is offering euro-denominated bonds due in 2030 and 2034 as well as 12-year green notes in the European single currency, according to a person familiar with the matter who asked not to be named. Initial price talk is around 210 basis points over mid-swaps for the shortest maturity, 310 basis points for the 8-year and around 360 basis points for the green bonds.

One of the most frequent hard-currency issuers in eastern Europe, Romania has delayed a foreign bond sale during the political crisis that followed the collapse of a coalition government in May. The mainstream parties last month backed a new administration that will set further fiscal plans after better-than-expected budget developments so far this year.

The country’s eurobonds rebounded on the secondary market as the political tensions eased, with the 10-year yield declining by about 30 basis points from this year’s peak of 6.83% reached at the start of October. The country’s dollar-denominated securities were among the best emerging-market performers on Monday.

The new government approved its first budget review on Friday to unlock more funds for healthcare, keeping the deficit target at 6.2% of gross domestic product for all of 2026. Finance Minister Alexandru Nazare, who also held the post in the previous cabinet, pledged to stick to fiscal discipline to prevent a credit rating downgrade to junk territory.

The cabinet should refrain from approving unsustainable spending increases and further reduction of the budget deficit “is paramount” for avoiding funding complications, central bank board member Cristian Popa told a banking conference earlier on Monday.

The new bond offering is a “courageous move” that will test the market sentiment on the government’s fiscal pledges, said Simon Quijano-Evans, head of strategy at Macro Hive Ltd.