MEF to sell bonds worth RON 3 bln

MEF has announced an indicative value of the Treasury Bonds and the Benchmark State Bonds of RON 4 bln in the first quarter of 2008, of which the largest portion of RON 3 bln will be in January.  The Ministry will organize 11 auctions in the January-March 2008 period, five for bonds worth RON 1.4 bln, and six Treasury Certificates issues worth RON 2.6 bln.  The latter will mature in 6 and 12 months , while Benchmark State Bonds will have 3 and 5-year maturity.