MFP borrows almost 700 million lei for one year, at 3.52pct yield

The Public Finance Ministry (MFP) on Monday borrowed 699.98 million lei (about 158 million euros) form commercial banks, through a T-bill issue with a one-year maturity, placed on tender through the National Bank of Romania (BNR).The average yield of the securities stands at 3.52 percent, decreasing from the T-bill issue at mid-September, through which MFP took a loan at a 3.88 percent yield.The banks' offers for the ...

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