The Finance Ministry on Monday obtained the lowest cost since April 2010 for RON-denominated loans taken on the local market, by selling Treasury certificates worth RON 1.27 bln at a yield of 5.87 pc, four times the planned sum, Mediafax informs. The planned value was of just RON 300 M, but banks subscribed bonds worth RON 1.73 bln. For January, the ministry announced it plans to borrow RON 4.5 bln, but attracted 2.2 times more cash, i.e. RON 9.93 bln. The previous auction with a roughly similar maturity interval was held in December, when the Finance Ministry sold 7-month Treasury bills worth RON 1.06 M, at an annual yield of 6.6 pc.
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