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MFP borrows over one billion lei, through benchmark bond issue

The Public Finance Ministry (MFP) on Thursday borrowed 1.006 billion lei (about 0.227 billion euros) from commercial banks, through a benchmark-type bond issue, with a one-year maturity, in October 2014, placed on tender through the National Bank of Romania (BNR).The average yield the issue was adjudicated at stands at 3.22 percent a year and the coupon rate, at 6.25 percent.The total value of the issue amounted to ...

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