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Romania plans to issue 3.1 bln lei (687.2 mln euro) of debt paper in Dec

Nov 29, 2012, 2:17:27 PMArticle by Doinita Dolapchieva
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November 29 (SeeNews) - Romania plans to issue 3.1 billion lei ($892.4 million/687.2 million euro) worth of government securities in December to re-finance public debt and shore up its budget deficit, the finance ministry said on Thursday.

Romania plans to issue 3.1 bln lei (687.2 mln euro) of debt paper in Dec

The ministry will hold two auctions of 364-day discount Treasury bills worth 500 million lei each on December 3 and December 10, it said in a statement. Another auction for 364-day discount Treasury bills worth 700 million lei will be held on December 17.

The ministry will auction 15-year benchmark T-bonds worth 100 million lei on December 6 and five-year benchmark T-notes worth 200 million lei on December 13, it added.

It will also hold two auctions for two-year benchmark T-notes worth 400 million lei each on December 6 and December 13.

One auction for three-year benchmark T-notes worth 300 million lei is scheduled for December 30.

The finance ministry has sold 50.1 billion lei and 1.1 billion euro ($1.4 billion) in government securities on the domestic market so far this year.

Romania has also sold $2.25 billion in dollar-denominated bonds on the U.S. market and 2.25 billion euro in euro-denominated bonds on international markets since the beginning of 2012.

(1 euro = 4.5109 Romanian lei)

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