Finance Ministry raises 977.6 ml lei from banks for average yield of 3.50 ppa

The Public Finance Ministry raised on Monday 977.6 million lei from banks through a benchmark bond issue with a 40-month residual maturity, at an average yield of 3.50 ppa, the National Bank of Romania announced.The face value of the issue was 600 million lei, and banks submitted bids worth 1.032 billion lei.An additional bidding session is scheduled for Tuesday, through which the FinMin plans to raise another 90 million lei for the yield set on ...

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