Public Finance Ministry (MFP) borrowed on Monday 500 million lei from banks, through a 32-month government benchmark bonds issue, at a 3.51 percent average yield, according to data sent by Romania’s National Bank (BNR).
The nominal value of the issue was 500 million lei, however the bank underwrote the offer, up to 1.136 billion lei.
An additional tender is scheduled for Tuesday, through which the state intends to draw in yet another 75 million lei to the yield established on Monday.
MFP planned in February loans from commercial banks worth approximately 3.49 billion lei , of which 3.1 billion through tenders of governments bonds and treasury certificates, to which the sum of 390 million lei can be added through supplementary sessions of non-competitive offers, accompanying bond auctions.
