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Finance Ministry raises almost RON 900 mn in T-bill auction

The Ministry of Public Finance (MFP) on Monday raised RON 899.92 mln (about 210.828 mln euros at the current exchange rate) from the commercial banks operating in Romania, through a discount T-bill issue placed through the National Bank of Romania (BNR).

The 12-month bills were placed for a cut-off yield of 6.18 pct per annum. The weighted average discount rate was 5.82 pct. The total bid of the 12 participating banks was of RON 2.23 billion.

The 12 primary dealers 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 intends to borrow four billion lei from banks this July via six issues of treasury bills and government bonds, the MFP website informs. The last auction this month, for a 10-year benchmark bond issue worth RON 350 million, is scheduled for July 21.

In the first half of the year, MFP raised some RON 31 bln from banks and borrowed last year over RON 41 billion from the domestic market.

The budget deficit for this year as established under the financial arrangement with the IMF and the European Union is RON 23.953 billion.

Sursa: http://www.actmedia.eu

Tags: romania mfp ing rbs cec brd bnr bcr

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