The Finance Ministry will organize a bid for treasury certificates worth around EUR 188 million (RON 800 million). This comes after the Finance Ministry rejected all the offers placed for the benchmark bonds last week, worth a total of EUR 70.7 million.

The treasury certificates due to be launched today have a six-year maturity. The Finance Ministry is planning to attract over EUR 1 billion in August from seven treasury certificates and state bonds issuances.

The ministry sold EUR 1.2 billion of states titles at the end of July this year, three times the amount it was planning to raise.