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February 5, 2023

MFP sells one-year bonds worth RON 1.85 bln, at a yield of 5.9 pc

The Ministry of Public Finance (MFP) on Monday sold one-year bonds worth a total RON 1.85 bln, which is RON 350 M more than planned, at a decreasing yield of 5.9 pc, Mediafax informs. The Treasury thus continues to attract higher than planned amounts of cash from the market, against the background of signals launched by the Central Bank, which successively decreased the key interest rate, and following cash injections made via weekly repo operations. Monday’s auction had a target of RON 1.5 bln, but subscriptions reached RON 4.33 bln. For February, MFP scheduled seven auctions meant to attract RON 5 bln in exchange of bonds and T-bills, including 15-year bonds worth RON 300 M. In the first auction of February, the Treasury attracted RON 1.3 bln, by selling bonds that will mature in October 2014.

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