The Ministry of Public Finance (MFP) on Monday drew over 2.36 billion lei through an issue of discount government bonds, which was put up for tender through the agency of the National Bank of Romania (BNR).The bonds have a one-year maturity and the average yield at which the issue was awarded of 8.86 percent. The weighted average discount rate was 8.13 percent.
The total value of the issue stood at 1 billion lei and the total demand from the 13 banks that participated in the tender was 6.084 billion lei (1 euro sells for 4.1 lei).
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