BUSINESS

Finance Ministry takes three years’ loan of RON 917.2 M

The Public Finance Ministry (MFP) drew yesterday RON 917.2 M in exchange for three years’ bonds, nearly twice the targeted value, at an average yield of 6.95 pc, slumping by 0.53 pc compared to the November auction, the latest time bonds with a three years’ maturity term were sold, Mediafax reports. Banks subscribed securities worth a total RON 1.98bln, while the estimated value of the auction was RON 500 M.

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