BUSINESS

Finance Ministry draws EUR 460 M in 4-year bonds

The Ministry of Public Finance yesterday borrowed EUR 460 M via a 4-year bond issue, under the target value of EUR 600 M, despite subscriptions nearing 1 bln euro at an yearly yield of 4.85 pc. Also, the ministry seeks to borrow RON 4 bln in August through bonds issued by the state for the domestic market a value also stipulated for July, although the actual amount borrowed was higher. In July, the Finance Ministry sold treasury certificates and state bonds equal to RON 4.24 bln. For August, the Treasury scheduled six auctions, three for the sale of state-issued bonds, and three for that of treasury certificates.

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