Ministry of Finance draws over 1.87 bln RON from banks on Monday
Publicat:The Ministry of Finance (MF) borrowed on Monday 1.875 billion RON from banks, through two issues of state bonds, according to data made public by the National Bank of Romania (BNR).
The ministry borrowed 1.147 billion RON through a bond issue with a residual maturity of 121 months and an average yield of 6.90% per year. The nominal value of the issue was 700 million RON, and the banks subscribed 1.550 billion RON, agerpres reports. An additional tender is scheduled for Tuesday, through which the state wants to attract another 105 million RON at the yield set on Monday for the bonds.
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