The Ministry of Public Finance (MFP) attracted RON 500 M yesterday by selling 2-year state bonds at a yield of 5.18 pc, with demand being more than 4 times higher given the excessive liquidity in the market, reads a press release. The bonds will reach maturity in July 2014 and the yield agreed yesterday was 0.65 percent points under the level of February, reaching the lowest level ever paid for this maturity interval. The indicative value of the emission was RON 500 M and subscriptions amounted to RON 2.33 M. During an auction held in February for the same maturity interval, the administrators of the public debt attracted RON 600 M at a yield of 5.83 pc. The Treasury announced that it intends to borrow RON 3 bln in March by selling state bonds on the local market, under the RON 4 bln it attracted in February. Bonds worth approximately RON 6 bln will reach maturity in March, twice the value of planned loans. The next operation will be organised Monday, for 1-year bonds, in which MFP wants to attract the same amount of RON 500 M.
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