The Romanian Ministry of Public Finance (MFP) sold Monday ( January 16 ) treasury certificates worth EUR 796 million, at an average yield of 6.21 percent per year, with the deadline in 12 months.

The initial target value announced for the auction was EUR 346 million, and banks had filed requests of about EUR 982 million.

MFP aims to attract about EUR 1 billion (RON 4.5 billion) by issuing government bonds in January to finance the budget deficit and refinance debt. In 2011, MFP attracted about EUR 12 billion (RON 51.5 billion) in government securities.

Irina Popescu, irina.popescu@romania-insider.com

(photo source: Sxc.hu)