October 6 (SeeNews) - Romania's finance ministry said on Thursday it plans to auction 3.5 billion lei ($874 million/782 million euro) in government securities in October, as well as to sell an additional 405 million lei in non-competitive offers.
The finance ministry plans to hold one tender for 800 million lei in one-year T-bills and six auctions for T-bonds worth a combined 2.7 billion lei, with outstanding maturities ranging between 2.3 and 14.9 years.
In September, the ministry sold 3.98 billion lei in government debt and an additional 450 million lei in non-competitive offers, under initial target.
So far this year, the finance ministry has sold roughly 38 billion lei in local currency securities and 775 million euro in euro-denominated domestic debt and tapped 2.25 billion euro on global markets.
Romania's debt issuance plan for 2016 envisages domestic debt sales of some 48-50 billion lei, including 14-15 billion lei in T-bills and 34-35 billion lei in T-bonds.
The finance ministry also raised the ceiling of its Medium Term Notes program launched in 2011 to 20 billion euro from 18 billion euro. Thus, Romania is to issue some 6.2 billion euro in Eurobonds in 2016 and 2017.
(1 euro=4.4737 lei)