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Finland Sees Euro Benchmark Sale in Second Half, Treasury Says

Finland said it may sell a new euro benchmark note in the second half of the year.

Finland’s gross borrowing in 2012 is estimated at 21 billion euros ($28 billion), the Treasury said in an e-mailed statement. It will also sell more of its existing debt in as many as two tap auctions in the second quarter.

The country said it will explore selling a U.S. dollar bond in the second quarter or second half of the year.

Finland, one of the only four AAA rated euro members, last week unveiled 2.7 billion euros of austerity measures to balance the budget, which the government aims to do by 2015.

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