miercuri

5 octombrie, 2022

Share on facebook
Share on twitter
Share on linkedin
Share on pocket

28 ianuarie, 2019

The Ministry of Finance (MFP) has only managed to sell five-year government bonds amounted to RON 110 million out of the RON 400 million issued on the primary market on Monday, at an average yield of 4.73%.

The total volume of demand expressed by investors was only RON 241 million, but the MFP interest rate was 4.50%.

It is the sixth of seven issues this year with which MFPs have attracted lower amounts than expected.


A week ago, government bonds of only RON 248.8 million were sold, 62% of the volume demanded by MFP.

Causes: Unpredictability and lack of budget

The lack of investors’ appetite comes in the context of OUG 114/2018 adoption, the famous ordinance on greed promoted by Eugen Teodorovici and Darius Vilcov, by which the Government imposed a tax on bank assets.

Moreover, the financial markets are worried about the lack of 2019 budget draft and imbalances without a solution as convincing as possible, which the draft’s delay is hiding.

Romania will see in 2019 the highest growth in the Central and Eastern Europe (CEE) in 10-year government bond yields because of the adverse effects of „Teodorovici Ordinance”.


Articole recomandate:
Share on facebook
Share on twitter
Share on linkedin
Share on pocket

citește și

lasă un comentariu

Faci un comentariu sau dai un răspuns?

Adresa ta de email nu va fi publicată.

toate comentariile

Faci un comentariu sau dai un răspuns?

Adresa ta de email nu va fi publicată.

articole categorie

Citește și:

13 state membre UE au semnat o scrisoare prin care solicită Bruxelles-ului să propună un plafon de preț la gaz la reuniunea miniștrilor UE de energie de săptămâna

Lucrăm momentan la conferința viitoare.

Îți trimitem cele mai noi evenimente pe e-mail pe măsură ce apar: