The Ministry of Finance (MF) borrowed more than 1.939 billion lei from banks on Monday, through two issues, one of government bonds and one of discounted treasury certificates, according to data published by the National Bank of Romania (BNR).

Thus, the MF attracted 1.022 billion lei through a government bond issue, with a residual maturity of 61 months, at an average yield of 6.36% per year. The nominal value of the issue was 400 million lei and banks subscribed 1.2 billion lei.

An additional auction is scheduled for Tuesday, where the state wants to attract another 60 million lei at the yield set on Monday for the bonds.

The ministry also attracted 917.4 million lei through an issue of discounted treasury certificates with a residual maturity of 7 months at an average yield of 6.01% per year. The value of the issue was 400 million lei and banks subscribed 1.086 billion lei.

The Ministry of Finance (MF) planned to borrow from commercial banks in April 2024 for an amount of 6 billion lei, to which 780 million lei can be added through additional non-competitive bidding sessions related to bond auctions.

The total amount of 6.78 billion lei is 260 million lei higher than the 6.52 billion lei scheduled in March 2024 and will be used to refinance public debt and finance the state budget deficit.

AGERPRES