Romania’s Finance Ministry draws LEI 474.65m through one-year securities, with a 7% average yield
The announced value of the bid was of 800 million lei and the maximum yield accepted was of 7 percent. Banks' offers amounted to over 1.4 billion lei.At the previous similar bid, on June 19, MFP collected 157.26 million lei through one-year securities, for...
Romania’s Finance Ministry collects LEI 1.08bn through two-week deposits, with a 4.62% average yield
The Finance Ministry aims to issue discount treasury certificates and benchmark bonds worth 4.65 billion lei in July, to finance the budget gap and refinance the public debt. It plans to issue securities of 13-15 billion lei in the third quarter.The Finance Ministry planned...
Romania’s Finance Ministry plans to draw lei 3bn through six auctions in February
MFP sponged 5.77 billion lei from the market this month, 44 percent more than initially planned.Thus, the ministry aims to sell six-month securities worth 400 million lei on February 1 and to issue five-year bonds of 500 million lei on February 4.At the third...
Romania’s Finance Ministry plans to draw lei 3bn through six auctions in February
MFP sponged 5.77 billion lei from the market this month, 44 percent more than initially planned.Thus, the ministry aims to sell six-month securities worth 400 million lei on February 1 and to issue five-year bonds of 500 million lei on February 4.At the third...
Romania’s state budget scores a lei 12.4bn deficit in the first five months
The social insurance budget cashed in 2.6 billion lei less than it spent, whereas the unemployment insurance budget saw revenues stand 316.3 million lei below expenses.MFP granted the ministries external loans of 73.4 million lei. Meanwhile, local budgets recorded a surplus of 1.77 billion...
Budget spendings hike 6.8%, revenues drop 6.9% in the first five months
Thus, the budget gap widened to 2.1 percent of the gross domestic product (GDP), or 11.3 billion lei respectively, below the target established with the International Monetary Fund (IMF) for the end of the first semester.Expenses with goods and services lowered 5 percent...