Gov't borrows RON 500 million on Monday off commercial banks
BNR
The Ministry of Finance (MF) on Monday borrowed RON 500 million off commercial banks in an issue of benchmark bonds of a residual maturity of 161 months and an average yield of 6.48% per annum, according to data published by the National Bank of Romania (BNR), informs Agerpres. The nominal value of Monday's issue was RON 400 million, and the banks offered RON 2.063 billion. An additional auction is scheduled for Tuesday to borrow another RON 60 million at the yield set on Monday for the bonds.
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