MFP wants to sell three-year maturity bonds, worth 500 million lei

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The Public Finance Ministry (MFP) on Monday organizes a tender for a bond issue, with a three-year maturity, worth 500 million lei (about 113 million euros).

This is the fourth security tender in August, part of a loan-taking programme collecting 1.98 billion lei, through five security issues, out of which one T-bill issue and four bond issues.

The tender on Monday will be followed on Tuesday, August 20, by a session of non-competitive offers, aimed at an additional loan worth 50 million lei.

In the first seven months of 2013, MFP borrowed from domestic banks almost 29 billion lei.

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