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MFP borrowed RON 600 mn from banks on Monday

The Ministry of Public Finance (MFP) borrowed almost 600 million lei on Monday (about 141.176 million euros) from commercial banks, by issuing treasury bills at a discount, put on tender by the Central Bank.

The treasury bills' maturity is due in six months and the average yield for which the issue was accepted is 6.55 percent. The weighted average interest rate was 6.34 percent.

The total value of the issue was 600 million lei and the total demand from the banks bidding in the tender was 855 million lei.

Twelve banks bid offers to buy Government titles: the Alpha Bank Romania, BRD - Groupe Societe Generale, the Carpatica Commercial Bank, the Romanian Commercial Bank, the Transilvania Bank, Bancpost, CEC Bank, Citibank Romania, ING, Raiffeisen Bank, RBS Romania and UniCredit Tiriac Bank.

MPF borrowed in 2010 from the domestic market more than 41 billion lei, after drawing almost 65 billion in 2009. The amount of loans from banks was almost 7 billion lei in January.

Sursa: http://www.actmedia.eu

Tags: banks borrowed mfp rbs ing brd cec