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Bucharest
March 6, 2021
BUSINESS

Finance Ministry sells two-year bonds worth RON 1.48 bln

The Ministry of Public Finance (MFP) sold bonds with a two-year maturity period, worth RON 1.481 bln (EUR 341.4 M), twice the planned sum, with a decreasing average yield of 6.87 pc, in the first auction for government bonds held this year, Mediafax informs. In total, banks subscribed bonds worth RON 2.507 bln, against a planned value of the auction that amounted to just RON 700 M. Some analysts estimated that the average yield of yesterday’s auction would drop at, or below 7 pc, given the slight changes experienced in the previous auctions for state bonds.

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