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October 23, 2021

Finance Ministry attracts over RON 500 M in 9-month bonds

The Ministry of Public Finance (MFP) on Monday attracted RON 502.3 M by selling Treasury bonds with a 9-month maturity interval, equivalent to half of the planned value, at a yield of 6.72 pc, higher than the 6.64 pc paid in the previous auction of 12-month bills, Mediafax informs. Demands by banks amounted to a total RON 1.5 bln, and the planned value of the auction was RON 1 bln. The market expected the Ministry to pay a higher yield, considering the recent tension increase on the monetary market.

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