FinMin schedules 4.8bln lei worth of govt bond tenders in Dec.

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The Public Finance Ministry has scheduled in December tenders for government bonds issues worth 4.8 billion lei, after having drawn some 1.72 billion lei from the market in November, according to the calendar of government bonds issues made public by the ministry.

The first tender will be held on Dec. 3 for an issue of benchmark bonds with five-year maturity worth 950 million lei. A tender will be held on Dec. 7 for discount T-bonds with one-year maturity totalling one billion lei. A tender is scheduled on Dec. 14 for one billion lei worth of T-bonds with six-year maturity, on Dec. 17 there will be a tender for government bonds with three-year maturity totalling 850 million lei, while on Dec. 21 there will be a tender for T-bonds with one-year maturity worth 500 million lei.

The last tender is scheduled on Dec. 28 for a discount T-bonds issue with six-month maturity worth 500 million lei. In the 11 months of this year, the Finance Ministry has drawn about 59.7 billion lei from the market, up from 12.5 billion lei in the full-2008.

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