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MFP borrows over EUR 100 mn

The Public Finance Ministry (MFP) on Thursday borrowed from commercial banks 100.56 million euros (approximately 412.33 million lei) in an issue of benchmark Government bonds placed on tender through the National Bank of Romania.

The bonds have the maturity date in June 2017, and the issue was adjudicated at an average yield of 7.4 percent. The coupon rate is 6.75 percent.

The total value of the issue was 73 million euros (300 million lei), while the total demand of the 12 banks participating in the tender accounted for over 243.9 million euro (one billion lei) (1 euro=4.1020 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, the ING Bank, 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, the total amount borrowed from banks stood at 4.61 billion lei, and in the first two months of 2011 the total borrowed amount accounted for 12.1 billion lei.

Sursa: http://www.actmedia.eu

Tags: mfp billion million rbs ing brd euro cec

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