On Tuesday, the Ministry of Finance borrowed 1.878 billion RON from banks, through two issues of state bonds, according to the data published by the National Bank of Romania (BNR).

Thus, the MF attracted over 1.293 billion RON from the first issue of benchmark state bonds, with a residual maturity of 114 months, at an average yield of 6.70% per year. The nominal value of the issue was 400 million RON, and the banks subscribed 1.598 billion RON.

An additional auction is scheduled for Wednesday through which the state wants to borrow another 60 million RON at the yield set on Tuesday in this auction.

Also, on Tuesday, the Ministry of Finance attracted another 585 million RON through the second issue of benchmark state bonds, with a residual maturity of 30 months, at an average yield of 6.22% per year. The value of the issue was 500 million RON, and the banks subscribed 630 million RON. Through the additional auction that will be organized on Wednesday, the state wants to attract another 75 million RON at the established yield.

The Ministry of Finance has planned, in May 2024, loans from commercial banks in the amount of 5.2 billion RON, to which the amount of 690 million RON can be added through additional sessions of non-competitive offers, related to bond auctions.

The total amount, of 5.89 billion RON, is 890 million RON less than the one that was scheduled in April 2024, of 6.78 billion RON, and will be intended for refinancing the public debt and financing the budget deficit.

AGERPRES