Romanian Ministry of Finance borrows at record low

The Ministry of Public Finance (MFP) on Monday, February 2, borrowed EUR 136 million from commercial banks. This happened through an auction of government bonds with a 12-year residual maturity, at an average yield of 2.94%, reports local Economica.net. It was a record low for the Romanian state for bonds with maturities bigger than 10 years. The nine participating banks underwrote offers of over EUR 226 million. The Ministry organizes today an additional session to borrow another EUR 20 million, at the yield already established in the auction. MFP intends to borrow in 2015 about EUR 2.26-2.72 billion by issuing treasury bills and EUR 5.6 - 6.3 billion through benchmark bonds. editor@romania-insider.com