The Ministry of Public Finance (MFP) on Thursday, February 12, borrowed EUR 180 million from commercial banks through an auction of treasury bills at a discount, at a yield of 1.46%.

Banks subscribed offers worth EUR 298 million, reports local economica.net.

The yield on treasury bills with 1-year maturity went down from 1.60% in December last year.

The Finance Ministry borrowed at a record low yield of 1.36% in January, but it applied only to certificates with an 11-month maturity.

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