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September 17, 2021

MFP attracts RON 336.4 M in 2-year bonds issue

The Ministry of Public Finance (MFP) yesterday sold 2-year bonds worth RON 336.4 M in total, less than half the planned sum, at an average yield of 5.73 pc, higher than the 5.53 pc it offered in an issue of bonds with the same maturity interval, held in May, Mediafax reports. Banks made subscriptions worth RON 1.1 bln, against a programmed value of RON 700 M. With Thursday’s auction, the Treasury reopened a bonds issue it had launched in March, due to mature in April 2014. In May too, the ministry sold bonds belonging to the same emission, thus attracting RON 335 M. MFP plans to borrow RON 3.5 bln in June through the sale of state bonds on the local market, roughly same as it borrowed in May (RON 3.54 bln). In the next auction, MFP will put on sale treasury certificates with a maturity interval of one year and plans to attract RON 1 bln.

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