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October 16, 2021

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.

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