BUSINESS

MFP borrows yet another 1bln RON from banks

The Ministry of Public Finance yesterday held an auction for a 1-year-maturity T discount certificate issue worth 1bln RON, the sixth state bond auction this month, Agerpres reports. MFP has a loan programme underway this November of 4.6bln RON, over 1bln euros, through six issues of treasury certificates and state bonds. Also, MFP will put on a domestic market a 3-year-maturity 4.5 per cent interest state bond issue of 1bln euros. The issue will be put on the market and the amounts drawn will fill the budget deficit and refinance public debt.

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