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April 15, 2021

Finances borrow RON 405 M by selling ten-year bonds

The Ministry of Public Finances (MFP) borrowed RON 405 M yesterday by selling ten-year bonds at an average return of 7.25 per cent, 0.4 points below the 7.65 per cent paid in the previous operation, Mediafax informs. The banks’ total demand for ten-year bonds stood at RON 1.02 bln, while the tender’s indicative value stood at RON 300 M. The most recent tender for this kind of bonds took place in September, back when the MFP borrowed RON 98.4 M at a return of 7.65 per cent per year. In December the MFP borrowed RON 5.35 bln, 18 per cent above the indicative value of RON 4.5 bln.

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