MFP organises tender for T-Bills worth more than 120 M euros
MFP has scheduled tenders in February to issue government securities worth 3 billion, after in January 2010 it drew RON 5.77 billion from the market. In the first quarter of 2010, MFP wants to attract RON 10-12 from the local market, compared to a total of RON 64.7 billion, attracted in 2008.
In 2010, MFP established an yield for T-bills down from 10 percent per year to 7.33, in the issue on February 15. MFP also intends to sell eurobonds worth one billion euros, on the foreign capital market, in the first quarter of the year. The budget deficit target for 2010 is 5.9 percent of the gross domestic product (GDP).