News » January, 2011 » 18 January 2011
MFP sells T-bills worth 2.5 billion lei
18.01.2011, 12:08 | Finance-Banks | 773 views
The Ministry of Public Finance (MPF) on Monday borrowed 2.541 billion lei (approximately 0.5978 billion euros) from the commercial banks, in an issue of discount T-bills, placed on tender through the Romanian National Bank. The government securities carry a one-year maturity and the issue was adjudicated at an average yield of 6.69 percent. The weighted-average discount rate stood at 6.34 percent. MFP planned to draw one billion lei on Monday, but it managed to borrow 2.5 times the initial amount. The total demand of the 12 banks participating in the tender accounted for 3.894 billion lei. Read more on Financiarul.ro
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