Finance Ministry borrows RON 300 mln from banks at an yield of 2.54 pct/year

The Ministry of Public Finances (MFP) borrowed RON 300 million from banks this Thursday, through a state bonds issue, on 55 months at an average yield of 2.54 percent/year.

The nominal value of the issue was RON 300 million, but the banks oversubscribed the offer to RON 735.5 million.

This Friday is scheduled a supplementary tender where the state aims to get other RON 54 million from the yield established on Thursday.

The Ministry planned loans of RON 5.1 billion from the commercial banks in July 2017, to which might be added RON 510 million through the allocation of supplementary sessions of non-competitive offers.

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