BUSINESS

MFP attracts RON 406 M with 2-year state bonds

The Ministry of Public Finance (MFP) borrowed RON 406.6 M through bonds that will mature in July 2014, under the indicative value, at a yield of 6.42 pc, higher than the yield paid at the beginning of November for the same maturity interval (6.34 pc), Mediafax reports. Subscriptions amounted to RON 736.6 and the indicative value of the operation was RON 500 M. In the previous sale of bonds with the same maturity, the Treasury borrowed RON 500 M with a yield of 6.34 pc. The ministry scheduled for November auctions worth RON 3.55 bln by selling state bonds on the local market, with most operations being planned for the sale of bonds. In six of the eight auctions planned for November, the administrators of public debt want to sell bonds with maturity intervals of 2-15 years, with the cumulated value of RON 1.95 bln. Also Monday, the National Bank of Romania (BNR) extended loans worth RON 6 bln (EUR 1.3 bln) to 17 banks, through a repo auction, as the banks’ demand reached a record RON 30.19 bln.

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