AcasăEurope NewsMinistry of Finance borrows 65 million RON from banks, on Friday, in...

Ministry of Finance borrows 65 million RON from banks, on Friday, in addition to Thursday’s auction

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The Ministry of Finance attracted, on Friday, 65 million RON from banks, in addition to Thursday’s auction, when it borrowed 600.5 million RON through a benchmark state bond issue with a residual maturity of 72 months, at an average yield of 6.61% per year.

The nominal value of the additional issue was 90 million RON, and the banks submitted offers worth 65 million RON.

The Ministry of Finance has planned, in April 2024, loans from commercial banks in the amount of 6 billion RON, to which the amount of 780 million RON can be added through additional sessions of non-competitive offers, related to bond auctions.

The total amount, of 6.78 billion RON, is 260 million RON higher than the one that was scheduled in March 2024, of 6.52 billion RON, and will be intended for refinancing the public debt and financing the state budget deficit.

AGERPRES

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