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Ministry of Public Finance attracts over RON 1.275 bn by two bond issues

The Ministry of Public Finance (MPF) borrowed 1,275 billion lei (about 0.3 billion euros) from commercial banks on Thursday, by issuing two benchmark bonds, put on tender by the Central Bank.

MPF attracted 775.07 million lei by issuing Government bonds with maturity in July 2013, the average level of returns for which the issue was sold being 7.11 percent. The coupon rate is 6.25 percent.

The total value of the issue was 800 million lei, and the total demand from the twelve banks that took part in the tender was 1,355 billion lei. The Ministry declined the purchase offers with a price lower than 97.9363 percent.

At the second tender, the Ministry sold bonds worth 500 million lei, with the maturity term in April 2015, the average level of return for which the issue was sold being 7.16 percent. The coupon rate is 6 percent. The total demand from banks amounted to 997.77 million lei.

There were purchase offers for Government bonds from twelve banks: Alpha Bank Romania, BRD-Groupe Societe Generale, the Carpatica Commercial Bank, the Romanian Commercial Bank, the Transilvania Bank, Bancpost, the CEC Bank, Citibank Romania, ING, Raiffeisen Bank, RBS Romania and UniCredit Tiriac Bank.

MPF wants to borrow 5.4 billion lei from banks in February, by six issues of treasury bills and Government bonds.

Sursa: http://www.agerpres.ro

Tags: ministry bonds percent banks rbs ing cec brd

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