Romania aims to sell domestic debt worth 3.95bn lei in March

BUCHAREST: Romanian debt managers aim to sell leu currency bills and bonds worth 3.95 billion lei ($1.04 billion) in March, including 450 million lei at non-competitive rounds of auctions, the finance ministry said on Wednesday.

In February, the ministry sold debt worth roughly 3.28 billion lei, with yields under rising pressure as the central bank began tightening its benchmark interest rate this year.

In March, the ministry has scheduled eight bond tenders with residual maturities ranging from 1.25 to 13.6 years, and one auction worth 500 million lei for one-year treasury bills.