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FinMin borrows around 115 mln euros from banks for four years

The Romanian Public Finances Ministry on Thursday borrowed close to 115 million euros (500 million lei) from the commercial banks by means of a benchmark government bond issue maturing in Jan. 2016, that was put to auction via the National Bank of Romania.The ministry re-opened a four-year bond issue from April 2012 and the issue was auctioned off at an average yield of 5.49 percent. The ...

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