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Finance Ministry sold RON 500 million worth of benchmark bonds

The Ministry of Public Finance (MFP) on Thursday raised RON 500 million (about EUR 119.05 million) in a three-year benchmark bond issue auctioned off by the National Bank of Romania to local commercial banks. The government stock that reaches maturity in October 2014 sold for an average yield of 7.12 pct. The coupon rate was 6.25 pct and the accrued interest is RON 443.49 per bond. The issue was worth a total of RON 500 million and the 12 participating banks offered bids ...

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