MFP sold T-bills worth some 500 mln lei

Ministry of Public Finance (MPF) on Monday drew almost 499.991 million lei (more than 117 million euros) in a issue of discount T-bills, placed on tender through the Romanian National Bank (BNR). The T-bills carry one-year maturity and the issue was awarded at an average yield of 7.15 percent. The weighted-average discount rate stood at 6.67 percent.The total value of the issue was 500 million lei, while the total demand of the 13 participating banks in the tender accounted ...

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