Finance Ministry raises EUR 53 ml in ten-year benchmark bonds
Friday, August 26, 2011
The Ministry of Public Finance (MFP) on Thursday raised around 53 mln euros (RON 226.49 mln at an exchange rate of RON 4.25 for 1 euro) from the commercial banks through a 10-year benchmark bond issue placed through the National Bank of Romania.The government stock due in June 2021 was placed for an average yield of 7.59 pct. The coupon rate is 5.95 pct.The issue was worth RON 400 mln and the total bid of the 11 participating banks was RON 566.53 mln. The cut-off yield ...