Romanian bonds yield first time below 2 pct, FinMin borrows 600 million lei

The Ministry of Public Finance (MFP) borrowed 600 million lei 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.

Photo credit: (c) CRISTIAN NISTOR / AGERPRES ARCHIVE

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

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

MFP intends to borrow 10 to 12 billion lei from Treasury certificates and 25 to 28 billion lei from Government bonds on the internal market in 2015. AGERPRES