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August 15, 2022

MFP has drawn RON 600 M from one year certificates

The Ministry of Public Finance (MFP) yesterday lent RON 599.8 M through one year certificates, close to the estimate level of the auction, at a median yield of 6.07 pc/year, below that accepted for Monday’s eight month certificate operations, Mediafax reports. The overall demand was of RON 1.98 bln, over the planned value of RON 600 M. The MFP also sold one-year certificates worth RON 700 M in early August, at an inferior yield, 5.66 pc. Early this week however, the Treasury attracted eight month certificates matching RON 931,1M, at a median yield of 6.11 pc/year. Public debt administrators re-opened Tuesday the 10 year Eurobond issue launched in 2008, managing to draw 750 M euro at a yield of 5.1 pc. Offers totaled 3.6 bln euro, almost five times higher than the value drawn, with half of the Eurobonds bought by investors from the UK, Austria and Germany.

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