MFP borrows RON 700 million in three-year bonds

The Ministry of Public Finance (MFP) has borrowed its target amount of RON 700 million in bonds due in three years at a rate of 4.25 percent, which exceeds the expected rate following February’s bid for the same emission, Mediafax informs. Banks have subscribed a total of RON 1.83 billion. The bonds are due in June, 2017. Public debt administrators attracted RON 800 million – rate of 4.06 percent- at the bid held in February for bonds with the same maturity date. The Ministry has scheduled national currency bonds of RON 2.68 billion in March, in addition to a bid for foreign currency-denominated five-year bonds worth EUR 200 million. Bonds worth approx. RON 5 billion are due next month.


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