FinMin plans EUR 188 mln treasury certificates issuance

The Romanian Ministry of Public Finances will organize a bid for discounted treasury certificates on Monday, with an estimated value of RON 800 million (around EUR 188 million). The ministry is planning to organize bids and raise as much as RON 4.6 billion (around EUR 1 billion) in August, through seven treasury and bonds issuances. In July the state raised EUR 1.2 billion, three times its projected raising, through a state title issuance. Last year, the Finance Ministry raised EUR 65 billion (EUR 15.3 billion) from the internal market, while in the first seven months of this year, just RON 22 billion (around 5.1 billion).