The Ministry for Public Finance sold foreign currency denominated bonds worth 447 million Euro at 5.25% interest rate per year and a four-year maturity. The latest such bidding took place in April 2004, when the ministry had sold bonds worth 50 million US dollars, at 3.49% interest rate per year.
The bid was open for the domestic market only. Thirteen banks bid for the bonds, none of them buying less than 30 million Euro worth of bonds, according to a Central Bank press release.
Those banks were Alpha Bank, BRD, Banca Comerciala Carpatica (BCC), Banca Comerciala Română (BCR), Banca Transilvania, Bancpost, CEC Bank, Citibank, Raiffeisen Bank, RBS Bank and UniCredit Tiriac Bank.
The Ministry of Finance recently got a club-loan from several banks in Romania, estimated at 1.2 billion Euro.
In the first half of 2009 the ministry raised 49.6 billion lei via bond sales, which is ten times more than the amount it borrowed during the same period last year, when it issued bonds totaling 5.06 billion lei.
Last year the ministry issued a total of 12.5 billion lei worth of bonds.
End May the Central Bank Governor Mugur Isarescu had stated that the Ministry of Finance might begin issuing bonds with higher maturity, for the domestic market.
- Translation AAP
The Ministry for Public Finance sold foreign currency denominated bonds worth 447 million Euro at 5.25% interest rate per year and a four-year maturity. The latest such bidding took place in April 2004, when the ministry had sold bonds worth 50 million US dollars, at 3.49% interest rate per year.
The bid was open for the domestic market only. Thirteen banks bid for the bonds, none of them buying less than 30 million Euro worth of bonds, according to a Central Bank press release.
Those banks were Alpha Bank, BRD, Banca Comerciala Carpatica (BCC), Banca Comerciala Română (BCR
