November 2 (SeeNews) - Romania's finance ministry said on Wednesday it plans to auction 3 billion lei ($737 million/666 million euro) in government securities and to sell an additional 330 million lei in non-competitive offers in November.
The finance ministry plans to hold a tender for 800 million lei in one-year T-bills and six auctions of T-bonds worth a combined 2.2 billion lei, with outstanding maturities ranging from 2 years 3 months to 14 years 9 months.
In October, the ministry auctioned 3.39 billion lei in domestic debt paper and sold an additional 405 million lei in non-competitive offers, below target.
So far this year, the finance ministry has sold roughly 41.6 billion lei in local currency-denominated government paper and 775 million euro in euro-denominated domestic debt, and raised 3.25 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 programme 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=4.5040 lei)