BUSINESS

Treasury takes RON 2.5 bln-loan by selling one-year certificates

The Ministry of Public Finance (MFP) sold, on Monday, treasury certificates maturing in one year, worth RON 2.54 bln, much higher than the estimated value, of RON 1 bln, given that the average yield dropped at 6.69 per cent per year, Mediafax reports. Since the beginning of the year, the Treasury has organized two other bids for one-year certificates, in which it sold the exact amount it had scheduled, at average yields of under 7 per cent. In the latest preceding auction, which was held on January 10, the Treasury sold one-year certificates worth RON 800 M, at a 6.81 per cent annual yield. For January, MFP scheduled six bids for state bonds amounting to a total RON 4.8 bln, but, after the first three bids, it has already surpassed the estimated figures, drawing RON 5.42 bln.

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