34.1 C
July 3, 2022

Finance Ministry borrows RON 578 M

The Ministry of Public Finance (MFP) borrowed RON 578.3 M by selling Treasury certificates that mature in 11 months, under the planned value, at an average yield of 6.02 pc a year, slightly above the 5.95 pc it accepted in September’s sale of one-year certificates, Mediafax reports. The indicative value of the operation was RON 1 bln, and banks’ offers cumulated RON 1.55 bln. The Finance Ministry sold bonds with the same maturity period in September, worth RON 978.4 M, above the planned value, at a yield of 5.95 pc. For October, the ministry planned operations worth RON 4.15 bln consisting in the sale of state bonds and an additional EUR 150 M by reopening an emission maturing in July 2015.

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