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Finance Ministry borrows 300 mln lei from banks on Monday

The Ministry of Public Finance (MFP) on Monday borrowed 300 million lei from local banks, following a bond issue due in November 2018. MFP re-opened a five-year bond issue from April 2013 and sold the bonds to the bank at an average yield of 3.32 pct. The bonds have a residual maturity of four years and four months.For Monday's auction, 9 local banks submitted bids worth about 661 million lei.The Treasury is going to organise an ...

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