Gov't borrows 938 million lei off banks

The Ministry of Public Finance (MFP) borrowed 938 million lei off banks on Monday in a benchmark government bond issue of a residual maturity of 51 months, at an average yield of 3.22% per year, according to data released by the National Bank of Romania (BNR).The nominal value of Monday's issue was 500 million lei, with banks demanding 1.363 billion lei.An additional auction is scheduled for Tuesday, by which the government wants to ...

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