The Ministry of Public Finance (MFP) borrowed on Monday a billion lei from the commercial banks by an issue of benchmark bonds with a year maturity, placed on tender by the National Bank of Romania.

The bonds have their maturity date on April 13 and the average yield for which the issue was bough is 5.02 percent.

The total value of the issue was a billion lei and the total demand from the 12 banks which took part in the tender was 4.42 billion lei.

Twelve banks submitted offers to purchase the government bonds, Alpha Bank Romania, BRD - Groupe Societe Generale, Carpatica Commercial Bank (BCC), Romanian Commercial Bank (BCR), Transilvania Bank, Bancpost, CEC Bank, Citibank Romania, ING, Raiffeisen Bank, RBS Romania and UniCredit Tiriac Bank.