BUSINESS

Exchequer takes RON 1.77 bln-loan from banks

The Ministry of Public Finance (MFP) took, yesterday, a RON 1.776 bln-loan from banks by selling treasury certificates maturing in six months, more than twice the estimated value, at an annual yield of 6.71 per cent, below the yield set in the previous bid for such securities, of 6.88 pc a year, Mediafax reports. The bid had an estimated value of RON 800 M. The total value resulting from demands for securities by the merchant banks amounted to RON 3.1 bln, while the highest yield was 6.79 per cent a year.

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