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May 9, 2021

MFP rejects banks’ offers for bonds falling due in 2016

The Finance Ministry (MFP) rejected yesterday all offers received from commercial banks for bonds falling due in January 2016, being of the opinion that the yield demanded was too high, this being the third unsuccessful tender in August, Mediafax informs. The operation’s indicative value stood at RON 200 M, the banks subscribing bonds of RON 513.8 M. On Monday the Treasury rejected the banks’ offers for one-year bonds and last week it refused their offers for two-year bonds.

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