Treasury borrows RON 45 M


The Ministry of Public Finance (MFP) on Tuesday borrowed RON 45 million from local banks, following Monday’s bond issue, when the Treasury contracted RON 300 million, at a yield of 3.32 percent. At the session of non-competitive bids on Tuesday, two banks submitted the exact amount the Treasury was planning to draw.

MFP has planned to borrow RON 3.715 billion off commercial banks this June, namely RON 3.4 billion in eight auctions of treasury certificates and Government bonds and EUR 315 million in additional sessions of non-competitive bids related to the issuances of bonds. The raised money will be used to refund public debt and fund the deficit in the national budget

 

Leave a Reply