Finance Ministry means to borrow RON 4.8 bln in May

The Ministry of Public Finance (MFP) scheduled, for May, state bond-emissions on the internal market worth RON 4.8 bln, below the value of loans contracted in April, of RON 6.13 bln, Mediafax reports. The first auction is scheduled for Monday, May 2, when the Treasury proposes to sell one year-certificates worth RON 1.5 bln. At the same time, the Treasury means to initiate a new emission of ten year-bonds, the first of its kind in nearly four years. Furthermore, official sources stated that the Finance Ministry would issue, on the internal market, by mid-next week, foreign currency bonds maturing in three years, the sixth European currency loan in the past two years.

The ministry had also targeted to draw RON 4.5 bln-funds in April, but the loans contracted surpassed the initial value, amounting to a total RON 6.13 bln.

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