The Ministry of Public Finance on Monday, February 9, borrowed RON 600 million (EUR 135 million) by selling 10-year bonds at a 2.81% yield.

This was a record low cost for such maturity, but higher than the one recorded on the secondary market on Friday, reports local Wall-street.ro.

The Treasury received bids worth EUR 187.8 million and attracted EUR 135 million.

The investors' demand was lower than in the previous three months because the state has scheduled several long maturity bonds in February.

The Finance Ministry attracted EUR 82.2 million at a 3.28% yield in mid-January by selling the same bonds. The program was launched in late July last year with an initial maturity of 10 years and 7 months.

editor@romania-insider.com