Finance Ministry raises RON 600 ml from banks

The Public Finance Ministry raised on Monday RON 600 million from banks through a benchmark bond issue with a residual maturity of 117 months, at an average yield of 6.95 pct per annum, the National Bank of Romania announced.The face value of the issue was RON 600 million, and banks submitted bids worth RON 731.7 million.An additional bidding session is scheduled for Tuesday, through which the Finance Ministry intends to borrow another RON 90 million for the ...

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