10.4 C
Bucharest
October 16, 2021
BUSINESS

Finance Ministry sells 3-year bonds worth RON 500 M

The Ministry of Public Finance (MFP) yesterday borrowed the planned sum of RON 500 M from the market, by selling bonds that will mature in three years and four months, at a yield that decreased from 7.31 pc to 7.18 pc, Mediafax reports. Banks’ demand was 2.6 times higher than the bond issue, reaching RON 1.3 bln. The market expected an average yield between 7.15 pc and 7.20 pc, because market players were prepared to buy these instruments at 7.20 pc on the secondary market. Thursday’s operation reopened a bonds emission issued in April that will mature in October 2014.

Related posts

Nigel Stephenson, General Manager GSK Consumer Healthcare Romania & Moldova: We’ll donate $1.5 million globally in funding to Smile Train each year

NINE O'CLOCK

Marco Capellini, new CEO of Intesa Sanpaolo Bank

Nine O' Clock

Hidroelectrica, a losing business for the Romanian state

Nine O' Clock