Romania aims to sell debt worth 3.03bn lei in November

BUCHAREST: Romanian debt managers aim to sell leu currency bills and bonds worth 3.03 billion lei ($766.66 million) in November, including 330 million lei at non-competitive rounds of auctions, they said on Wednesday, after low market liquidity led to six failed debt tenders in October.

The finance ministry sold 3.68 billion lei worth of domestic debt in September.

In November, the ministry has scheduled six bond tenders with residual maturities ranging from 1.3 to 6.5 years, and one auction worth 500 million lei for one-year treasury bills.

So far this year, Romania has sold 37.3 billion lei and 340 million euros of domestic bills and bonds. It has tapped foreign markets for 2.75 billion euros of 2027 and 2035 Eurobonds.