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MFP on Thursday borrows one billion lei for three years, with 4.14pct yield

The Public Finance Ministry (MFP) on Thursday borrowed one billion lei (about 0.224 billion euros) from commercial banks though a benchmark bond issue, with a three-year maturity, placed on tender through the National Bank of Romania (BNR).The average yield the issue was adjudicated at is 4.14 percent. The coupon rate accounts for 4.75 percent.The total value of the issue stood at one billion euros and the participating ...

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