Romania’s Ministry of Finance sells debt at record low yield

Romania’s Ministry of Public Finance (MFP) borrowed on Monday RON 300 million from banks through a certificate issue of treasury for six months, at an average yield of 0.43 percent per year, the lowest obtained by the state for this kind of borrowings, business-review.eu reports. The issuing’s value was RON 300 million, but the banks have oversubscribed the offer over four times and transmitted offers valued at over RON 1.3 ...

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