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Ministry of Finance to borrow RON 4.5 bn from local banks, in April

The Ministry of Public Finance (MFP) plans to borrow 4.5 billion lei, from the local banks, in April, through six treasury bonds issues, MFP web page informs.

The first tender is due on Monday April 4, for a discount treasury bonds issue worth 1 billion lei, the bonds having the maturity set at one year, whilst the second tender issuing state bonds worth 500 million lei, due back in three years, and at an interest of 6.25 percent is to take place on April 7.

On April 11 it will be organized a tender for treasury bonds at discount, and worth 1 billion lei, having the maturity set at one year, and benchmark bonds worth 500 million lei, with a maturity set at five years are auctioned on April 14.

The next tender is scheduled on April 18, for a T-bonds issue worth 1 billion lei, at discount, and the maturity set at 5 months.The last tender next month is due on April 21 for benchmark bonds worth 500 million lei, with the maturity set at ten years.The MFP borrowed 15.16 billion lei from the local banks, in Q1 of 2011, namely within the announced limits of 15-17 billion lei. In 2010 MFP took a loan exceeding 41 billion lei from the domestic market, after in 2009 it attracted nearly 65 billion lei.

For the Q2 of the year, MFP plans to borrow between 13 and 15 billion lei, representing T-bonds issue, on the local market.

Viewing the optimization of its April portfolio, MFP is going to launch new benchmark bonds with the maturity set at three, five and ten years respectively, ministerial sources announced on Wednesday.

The budget deficit planned for 2011 and agreed upon within the financial package with the IMF and the EU, amounts to 23.953 billion lei.

Sursa: http://www.actmedia.eu

Tags: april bonds billion tender worth maturity mfp local banks borrow

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