The Ministry of Finance (MF) on Monday borrowed RON 512.6 million off banks in an issue of benchmark bonds of a residual maturity of 48 months and an average yield of 6.24% per annum, according to data published by the National Bank of Romania (BNR).

The nominal value of Monday’s issue was RON 400 million, and the banks offered RON 994.8 million.

An additional auction is scheduled for Tuesday to borrow another RON 60 million at the yield set on Monday for the bonds.

MF has planned for April 2024 to borrow RON 6 billion off commercial banks, to which RON 780 million can be added in additional sessions of non-competitive offers related to bond auctions.

The total amount of RON 6.78 billion is RON 260 million higher than the one scheduled for March 2024 of RON 6.52 billion, and it is intended for public debt refunding and government deficit financing.

AGERPRES