BUSINESS

Finance Ministry sells 2-year bonds worth RON 500 M

The Ministry of Public Finance (MFP) attracted RON 500 M by selling 2-year bonds – precisely the planned amount – at a yield of 6.34 pc, close to that paid in the operation conducted at mid-October, Mediafax reports. The banks’ offers cumulated RON 1.03 bln. The latest auction for state bonds with the same maturity was conducted at the middle of October, when the state Treasury sold bonds with a yield of 6.35 pc. MFP plans to attract in November RON 3.55 bln by selling state bonds on the local market, with most auctions due to be held for Treasury bills. In six of the eight tenders scheduled for November, the managers of the public debt want to sell bonds with maturity intervals between 1 and 15 years, with a cumulated value of RON 1.95 bln. The next auction will be held Monday, November 12, when the Ministry wants to sell 1-year certificates worth RON 800 M.

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