Finance Ministry borrows over 547 mln euros from commercial banks

The Ministry of Public Finance (MFP) on Monday borrowed over 547 million euros (over 2.38 billion lei) from the commercial banks, through an issue of discount treasury bills, put on tender through the National Bank of Romania (BNR). (1 euro = 4.35 lei)The Government bonds have a one-year maturity and the weighted average yield is 6.23 percent. The coupon rate is 5.86 percent. The total value of the issue was 1.2 billion lei and the total demand from the 12 banks taking part in ...

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