Stiri	Stiri afaceri	Stiri companii	Evenimente de afaceri

Finance Ministry raises EUR 423.7 mn from commercial banks

The Ministry of Public Finance (MFP) on Monday raised over 342 mln euros (RON 1.46 bln plus) at an exchange rate of RON 4.13 for 1 euro from the commercial banks operating in Romania, through a discount T-bill issue placed through the National Bank of Romania.

The 12-month bills were placed for a cut-off yield of 6.88 pct per annum. The weighted average discount rate was 6.43 pct. The issue was worth RON 1 bln lei and the total bid of the 12 participating banks was RON 3.43 billion.

The banks that participated in the bidding were as follows: Alpha Bank Romania, BRD - Groupe Societe Generale, Banca Comerciala Carpatica (BCC), Banca Comerciala Romana (BCR), Banca Transilvania, Bancpost, CEC Bank, Citibank Romania, ING, Raiffeisen Bank, RBS Bank Romania and UniCredit Tiriac Bank. MFP plans to raise this April RON 4.5 bln through six T-bill and bond issues to be placed with commercial banks.

In Q1 2011, loans taken from banks stood at RON 15.16 billion, a figure that keeps within the overall RON 15-17 billion scheduled for this interval. In 2010, MFP raised over RON 41 billion from the domestic market, after having borrowed almost RON 65 billion back in 2009. MFP plans for Q2 2011 envisage an indicative amount of RON 13 to 15 billion in government bond issues placed on the domestic market.

'Seeking to optimize the portfolio, the Ministry plans to launch in this period fresh benchmark bonds with a maturity of 3, 5 and 10 years, respectively,' the MFP announced. The budget deficit established for 2011 and approved as part of the financial package with the IMF and the European Union amounts to RON 23.953 billion.

Sursa: http://www.actmedia.eu

Tags: banks billion ministry romania mfp commercial ing rbs cec brd euro bcr

Articole similare