Romanian bonds yield first time below 2 pct, Finance Ministry borrows RON 600m

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The Ministry of Public Finance (MFP) borrowed RON 600 million from commercial banks on Thursday, at an average yield of 1.99 percent, in a tender of 52-month Government bonds; it was the lowest yield ever obtained by the Romanian state for titles denominated in the national currency, Agerpres informs.

Nine banks subscribed offers amounting to more than RON 1.7 billion, nearly three times MFP’s target.

An additional session will be held on Friday for RON 90 million bonds at the yield obtained on Thursday.

MFP intends to borrow RON 10-12 billion for Treasury certificates and RON 25-28 billion for Government bonds on the domestic market in 2015.

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