News Column

BRIEF: Public Finance Ministry loans 500 million RON from commercial banks

February 17, 2014

Agerpres, Bucharest, Romania

Feb. 17--BUCHAREST -- The Public Finance Ministry (MFP) has loaned on Monday 500 million RON from local banks through benchmark type government bonds with a residual due date of two years and two months, an average yield of 4.08%, according to a press release given to AGERPRES.

(1 euro=4.4905 RON)

The value of the issue was of 500 million RON and nine banks posted offers totaling 633.3 million RON. The coupon rate is 6%.

The MFP announced a loan program of 4.06 billion RON for February, of which 260 million RON is to be allocated to the supplementary sessions of noncompetitive offers organized exclusively for benchmark type bonds and 200 million euros from commercial banks.


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Source: Agerpres (Romania)

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