Romania aims to sell 4 bln lei in Oct debt

Romania plans to sell 4 billion lei ($1.3 billion) worth of currency bills and bonds in October, compared with 3.14 billion lei it sold this month, the finance ministry said on Friday. Debt managers have struggled to sell debt since August, as yields have jumped beyond what they deemed acceptable due to local money market tensions and concerns the euro zone's debt crisis could spill over into Romania's banking system. The ministry has scaled down issuance and even rejected all bids at ...

Developed by Codecraftsman