Finance Ministry borrows RON 500 mln this Monday from banks at an yield of 3.37 pct/year

The Finance Ministry borrowed RON 500 million this Monday from banks via a state bonds issue on 82 months at an average yield of 3.37 percent/year.

The nominal value of the issue was RON 500 million, but banks over-subscribed the offer to RON 856.1 million.

On Tuesday, the Government scheduled an additional tender through which the state wants to borrow RON 75 million at the yield from this Monday.

The Ministry planned loans of RON 5.1 billion from the commercial banks in July, on top of which RON 510 million might be added through the allocation of the additional sessions of non-competitive offers affiliated to the bonds tenders.

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