Finance Ministry planning to borrow RON 5.7 bln from banks this August

The Public Finance Ministry (MFP) is seeking to raise this August RON 5.1 bln from commercial banks; another RON 600 million might add to this amount through additional non-competitive bids related to bond auctions.The loan total planned for August is by RON 885 million lower than the amount scheduled for July and will be used to refinance the public debt and the state budget deficit.According to the issue prospectuses published in the Official Journal, on ...

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