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October 29, 2020

Finance Ministry attracts RON 1.4 bln by floating one-year state bonds

The Ministry of Public Finance (MFP) sold yesterday treasury bonds maturing in a year, worth precisely the planned sum of RON 1.4 bln, at an average annual yield of 6.65 pc, slightly above the 6.61 pc yield offered in the previous auction, Mediafax reports. Subscriptions amounted to a total RON 2.99 bln, more than twice the indicative value. Through the previous bonds issue, with a similar maturity interval, the Treasury borrowed RON 1.2 bln, though banks demanded four times the sum, at an average yield of 6.61 pc a year.

According to the MFP calendar, the last auction scheduled for June will be held Thursday, for 10-year bonds worth RON 500 M. MFP announced that it plans to borrow RON 4.3 bln in June, under the RON 4.97 bln attracted from the market in May.

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