February 28 (SeeNews) - Romania's finance ministry said on Friday it intends to sell 5 billion lei ($1.14 billion/1.04 billion euro) worth of government securities in March, including 600 million lei in non-competitive offers.
The finance ministry plans seven auctions of government securities with residual maturity ranging from 2 to 14 years and an auction of one-year Treasury bills, according to its March issuance plan published in the Official Gazette.
The ministry planned to place 5 billion lei worth of government securities in February. It overshot its target by selling 7 billion lei and 150 million euro ($164 million) worth of debt paper.
So far this year, Romania has sold almost 13 billion lei and 150 million euro of debt and tapped foreign markets for 3 billion euro worth of 2032 and 2050 Eurobonds.
(1 euro=4.8068 euro)