Finance Ministry sells bonds of RON 700 mln with 2.45 pct interest per year

Georgiana Bendre 27/06/2017 | 07:10

Finance Ministry sold this Monday bonds worth RON 700 million with maturity on March 8 2022, aligned with the scheduled amount for which banks will receive an annual average yield in decrease of 2.45 percent interest per year, according to the National Bank of Romania (BNR).

The tender is the fourth one from a new bonds issue of benchmark.

The six banks that attended the tender offered RON 1.54 billion, over two times more than the amount asked by the Ministry.

The bonds issue by the Ministry have a coupon rate of 3.4 percent. The maximum yield offered by the state was 2.46 percent and the average yield was 2.45 percent per year, according to BNR data.

On May 8, the Ministry sold state bonds in value of RON 500 million (EUR 110 million), with maturity on March 8 2022, for which banks will receive an annual average yield of 2.77 percent.

On March 8, the state sold state bonds in value of RON 600 million with maturity on March 8 2022 for which banks will receive an average annual yield of 3 percent.

The finance Ministry aims to borrow in June RON 5.3 billion from the internal market, out of which RON 1.8 billion for treasury certificates and RON 3.5 billion for bonds, adding RON 500 million through additional tenders.

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Georgiana Bendre | 29/11/2022 | 10:17

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