Feb. 18--BUCHAREST -- The Public Finance Ministry (MFP) has borrowed 50 million lei (approximately 11.14 million euros at today's exchange rate) from the banking sector, a supplementary measure following Monday the 17th of January's bond auction through which it attracted loans totalling 500 million lei (approximately 111.43 million euros).
In Tuesday's noncompetitive offer session, a follow-up of Monday's state bond auction, a single bank participated.
Monday, the State Treasury loaned 500 million lei from local banks through a bond issue with a five year duration and with a residual due date of two years and two months, in April 2016.
The value of the issue was of 500 million lei and nine banks posted offers totalling 633.3 million lei.
MFP announced a loan programme of 4.06 billion lei for February, of which 260 million lei 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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