The Ministry of Finance on Tuesday borrowed RON 150 million from the commercial banks, in addition to Monday’s auctions, when it borrowed RON 961 million at 6.56% per year and 6.13% per year, respectively, interest rates, through two benchmark government bond issues.

The nominal value of the two additional issues was RON 75 million each. The banks submitted bids worth RON 102 million, respectively RON 105 million.

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

The total amount of 6.78 billion RON is 260 million RON higher than the one scheduled in March 2024, of 6.52 billion RON, and is intended to refinance the public debt and finance the state budget deficit.

AGERPRES