December 15 (SeeNews) - Romania plans to raise to 27 billion euro ($31.9 billion) from 20 billion euro the borrowing ceiling under its Medium Term Notes (MTN) programme for international markets, the country's finance ministry said on Friday.
The money raised on international markets via the programme will go to cover Romania's gross financing needs for 2018 and 2019, the government added.
For 2018 finance ministry said it is considering issuing eurobonds worth about 4 billion euro.
Year-to-date, the ministry has sold some 39 billion lei and 340 million euro worth of government bills and bonds and has tapped foreign markets for 2.75 billion euro of 2027 and 2035 Eurobonds.
Romania closed in October its external financing plan for the current year.
Romania launched the MTN programme in 2011 and it later raised the borrowing ceiling four times, the last time being in March 2016.
($=0.8457 euro)