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MFP borrows approximately RON 1 bn from banks, at a 6.82 average yield

The Public Finance Ministry (MFP) on Monday borrowed 999.952 million lei (approximately 235.282 million euros) from commercial banks, in a discounted T-bills issue, placed on tender through the National Bank of Romania.

The government securities have a six month maturity and the issue was adjudicated at an average yield of 6.82 percent. The weighted-average price the issue was adjudicated at was 6.59 percent.

The total value of the issue was one billion lei, while the total demand of the 12 banks participating in the tender accounted for 2.251 billion lei.

Twelve primary dealers submitted bids to acquire government securities: the 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, the Raiffeisen Bank, the RBS Romania and the UniCredit Tiriac Bank.

In 2010 MFP borrowed over 41 billion lei from the domestic market, after it drew almost 65 billion lei in 2009. In February 2011, the total amount borrowed from banks stood at 4.61 billion lei.

Sursa: http://www.actmedia.eu

Tags: mfp average billion banks rbs ing cec brd

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