Finance Ministry raises EUR 342 mln from domestic market

The Ministry of Public Finance (MFP) on Monday raised some 342 mln euros (over 1.46 bln lei) from the commercial banks operating in Romania through a discount T-bill issue placed through the National Bank of Romania. The six-month bills were placed for a cut-off yield of 7 pct per annum. The weighted average discount rate was 6.76 pct. The issue was worth 1 bln lei and the total bid of the 12 participating banks was 2.18 billion lei. The banks that participated ...

Developed by Codecraftsman