2.5 C
December 6, 2021

RON 500 M attracted through 2-year bonds

The Ministry of Public Finance (MFP) yesterday attracted RON 500 M by selling state bonds with a residual maturity of two years, respectively in April 2015, at an average yield of 4.66 pc, Mediafax reports. Banks made subscriptions worth RON 1.13 bln, although the auction had an indicative value of RON 500 M. The average yield of 4.66 pc is slightly above the quotations of the secondary market, reflecting the poor climate abroad, combined with the possible bad effect of changing liquidity conditions in the local market, as revealed by an analysis made by ING Bank. A supplementary session of non-competitive offers for this emission is scheduled for today, in which the Ministry of Finance plans to attract an additional RON 50 M.

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