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May 20, 2022

Fin Min draws RON 184.8 M through 2 year bonds

The Ministry of Public Finance (MFP) sold two-year bonds worth 184.8 M, or 28 pc of the planned value, at a yield of 5.98 percent, quite close to the 5.97 percent early in the month, reports Mediafax. The programmed value for Thursday’s auction was of RON 650 M, and bank offers added up to RON 1.07 bln. Dealers expected a yield close to the prior one. For this month, the Finance Ministry planned borrowings equal to RON 225 bln through the sale of state bonds on the domestic market, yet, it only attracted RON 1.5 bln, given the slight yield rise.

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