Thursday, February 26, 2009

Romania plans to sell 7.5 bln lei debt in March

BUCHAREST, Feb 25 (Reuters) - Romania plans to sell 7.5 billion lei ($2.23 billion) in governnment debt in March, compared with the roughly 5.9 billion lei it sold in February, central bank data showed on Wednesday.

The European Union member issued 12.5 billion lei in domestic debt in 2008, mostly in short-term paper as yields jumped due to a mounting global cash squeeze.

In March, the ministry plans to issue three-, six-month and one-year treasury bills worth 7 billion lei and 500 million lei in three- and five-year bonds.

Domestic debt plans for 2009 are estimated at around 30 billion lei. The ministry also plans to borrow around 1 billion euros from international markets, either as loans or Eurobond issues.

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