9.5 C
April 20, 2021

Finance Ministry sells bonds worth RON 815.3 M

On Monday the Ministry of Finances borrowed RON 815.3 M by selling treasury certificates with a maturity of six months at an average interest rate of 10 per cent per year, Mediafax informs. The amount was less than initially programmed, with the programmed value of the operation totaling RON 1.2 bln and the banks’ demand for bonds totaling RON 2.04 bln. The maximum interest rate accepted by the Ministry of Public Finances (MFP) stood at 10 per cent. The most recent tender for bonds with a maturity of six months was organized on October 12 when the MFP borrowed RON 850 M from the banks at an interest rate of 9.97 per cent per year. For November the MFP has scheduled six tenders for the selling of state bonds worth a total of RON 6 bln after it sold bonds worth only RON 2.53 bln in October, less than half the programmed value.

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