Finance Ministry sells benchmark bonds worth RON 330.16 M

The Public Finance Ministry (MFP) yesterday attracted from the market RON 330.16 M through an emission of benchmark bonds maturing on April 30, 2016, at an average yield of 7.34 pc a year, according to data provided by the Central Bank. Initially, the ministry planned to sell state bonds worth RON 600 M, while banks submitted buy demands worth RON 809.96 M. This was a re-opening of the auction of 18 April 2011. MFP wants to attract RON 4.3 bln in June and RON 13-15 bln in the second quarter of the year, in view of financing the budget deficit and refinancing the public debt.

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