RON 3 bln from sale of state bonds in March

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The Ministry of Public Finance (MFP) plans to borrow in March RON 3 bln by selling state bonds on the local market, under the sum attracted in February, of RON 4 bln, Mediafax informs. Two auctions for Treasury bills will be held and four for bonds maturing between 2 and 10 years, each with the indicative value of RON 500 M, according to the calendar. Bonds worth some RON 6 bln will reach maturity in March, twice the value of planned loans. The first operation will be organised Thursday March 7, for 4-year bonds. The ministry attracted in February RON 4.03 bln through bonds and Treasury certificates, much under the sum borrowed in January, of RON 11.4 bln. Also in February, the administrators of the public debt attracted USD 1.5 bln on foreign markets. Demand for RON-denominated bonds sold by MFP significantly increased since mid-December, as investors were attracted by yields higher than those offered by other states in the region.