Finance Ministry draws 517 mln RON from banks

The Ministry of Finance borrowed 517 million RON from banks on Monday, through a benchmark government bond issue with a residual maturity of 118 months, at an average yield rate of 7.92 ppa, according to data published by the National Bank of Romania.The nominal value of Monday's issue was 100 million RON, and the banks submitted bids worth 651 million RON.An additional auction is scheduled for Tuesday, in which the state wants to attract another ...

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