Wednesday, January 14, 2009

Romania raises Jan debt issuance plans

BUCHAREST, Jan 12 (Reuters) - Romania has raised planned issuance amounts at the remaining debt auctions in January by 1 billion lei ($313.8 million), hoping to raise 3.5 billion lei in the last two weeks of the month, finance ministry data showed.

The ministry has so far sold roughly 720 million lei this month.

It scrapped a 3-year bond issue and replaced a 1-year bills' tender with one for 6-month maturities. It also added a 3-month paper tender.

Romania sold 12.5 billion lei in 2008, mostly in short-term paper as yields jumped in the wake of the mounting global cash squeeze.

The ministry has yet to announce treasury issuance plans for the whole of 2009, pending the approval of a budget plan.

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