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Bucharest
April 20, 2021
BUSINESS

MFP borrows RON 440.3 M off banks

Romania’s Finance Ministry (MFP) on Monday borrowed RON 440.3 million (nearly EUR 97.000 million against the day’s exchange rates) off local banks in benchmark bonds of a residual maturity of five years and rejected such bids of banks claiming yields higher than 5.15 percent, Agerpres informs. The benchmark bonds were placed at an average yield of 5.10 per cent. The issue was worth RON 600 million. The banks filed bids for RON 626.3 million. The Treasury rejected bids worth 186 million because of the yields claimed by the banks that were too high. MFP has already borrowed more than RON 6.7 billion and almost EUR 480 million in 2014, plus two billion US dollars from the international capital markets.

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