MFP borrows RON 1.304 billion for 6.79pct interest

The Finance Ministry (MFP) on Thursday borrowed RON 1.304 billion (nearly 0.3 billion) off commercial banks, RON 554.45 million more than initially set, in a benchmark bond issue maturing in October 2014 auctioned by the National Bank of Romania (BNR).The new issue is a resumption of an April 2011 issue.The average yield is 6.79 and the bonds pay a coupon of 6.25 percent.The total value of the issue was RON 750 million, for a total demand from 12 auctioning banks of nearly RON ...

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