MFP borrows nearly RON 500 million off commercial banks

The Finance Ministry (MFP) on Monday borrowed RON 499.945 million (nearly 110.629 million euros) off commercial banks in an issue of discount treasury certificates auctioned by the National Bank of Romania (BNR).The one-year certificates carry a 6.34-percent coupon each.The total value of the issue was RON 500 million, with the 12 bidding banks having demanded RON 1.038 billion.Submitting bids were 12 banks - Alpha Bank Romania, BRD- Groupe ...

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