Finance Ministry raises RON 784 ml from banks

The Public Finance Ministry raised on Monday RON 784 million from banks through a benchmark bond issue with a residual maturity of 86 months, at an average yield of 6.42 pct per annum, the National Bank of Romania announced.The face value of the issue was RON 500 million, and banks submitted bids worth RON 889 million.An additional bidding session is scheduled for Tuesday, through which the Finance Ministry intends to borrow another RON 75 million for the yield ...

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