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Romania to issue 3.4 bln lei (687 mln euro) of domestic debt in Dec

Romania to issue 3.4 bln lei (687 mln euro) of domestic debt in Dec

BUCHAREST (Romania), November 29 (SeeNews) - Romania's finance ministry intends to sell 3.4 billion lei ($775 million/687 million euro) worth of government securities in December, including 420 million lei in non-competitive offers.

The finance ministry plans nine auctions of government securities with residual maturity ranging from 2.4 to 14.3 years and one auction of Treasury bills, according to its December debt issuance plan published in the Official Gazette on Friday.

The ministry sold government securities worth around 3.61 billion lei in November, below the planned amount of 5 billion lei, data by Romania's central bank shows.

Year-to date, the finance ministry has sold government securities worth 49 billion lei and 1.6 billion euro ($1.9 billion) and has tapped foreign markets for 7 billion euro worth of 2030, 2033 and 2041 Eurobonds.

(1 euro=4.9491 lei)

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