Romanian FinMin borrows 600 mln lei from commercial banks
Tuesday, November 26, 2013
The Romanian Public Finances Ministry on Monday borrowed 600 million lei from the commercial banks by means of a 10-year bond issue, with residual maturity at 3-and-a-half years (maturing in June 2017), for 4.52 percent average yield.(1 euro=4.44 lei)The nine bidding banks put forwards bids totalling 1.027 billion lei.The finances ministry has taken out over 44 billion lei in loans from the local banks since the beginning of the year. ...