Romania finmin plans to sell 3.87bn lei of debt in December

BUCHAREST: Romania aims to sell 3.6 billion lei ($848.46 million) worth of leu currency bills and bonds in December, and an additional 270 million lei at non-competitive rounds of auctions, the finance ministry said on Monday.

Debt managers sold an overall 1.95 billion lei worth of domestic leu debt in November. They sold less than planned and even scrapped two tenders altogether as the US election's unexpected win and expectations for a rise in US interest rates have curbed demand for emerging market assets.

In December, the ministry has scheduled tenders for five-month and one-year treasury bills worth 800 million lei and 1 billion lei, respectively. It also scheduled four bond tenders, with outstanding maturities ranging between 2 and 6 years.