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October 22, 2021

State Treasury raises RON 500 M in three-year bond issue

The Ministry of Public Finance (MFP) raised on Thursday about RON 500 million (approximately EUR 112.871 M at the current exchange rate) from the commercial banks that operate in Romania through a three-year bond issue placed for an average yield of 4.74 pct per annum, according to Agerpres. The issue was RON 500 million, and the total bid of the participating banks was RON 2.22 billion. The Finance Ministry intends to borrow this July RON 1.7 bln from commercial banks through an issue of discount T-bills and four benchmark bond issues. The Finance Ministry also plans to borrow another EUR 150 million in a coupon-carrying bond issue denominated in euro. The Ministry announced for Q3 2013 an indicative amount between five and RON 7 billion raised through government securities placed on the domestic market.

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