The Ministry of Finance (MF) borrowed, on Thursday, almost 2.41 billion RON from banks, through an issue of state bonds and one of treasury certificates with a discount, according to the data published by the National Bank of Romania (BNR).

The Ministry borrowed 861.9 million RON through a bond issue with a residual maturity of 82 months and an average yield of 6.71% per year. The nominal value of the issue was 300 million RON, and the banks subscribed over 1.07 billion RON.

An additional auction is scheduled for Friday through which the state wants to attract another 45 million RON at the yield set on Thursday for the bonds.

Also, the MF borrowed 1.548 billion RON through an issue of discount treasury certificates with a maturity of 7 months, at an average yield of 6.00% per year. The nominal value of the issue was 800 million RON, and the banks subscribed over 1.9 billion RON.

The Ministry of Finance (MF) has planned, in July 2024, loans from commercial banks worth 6 billion RON, to which the amount of 585 million RON can be added through additional sessions of non-competitive offers, related to bond auctions.

The total amount, of 6.585 billion RON, is 365 million RON less than the one that was scheduled in June 2024, of 6.95 billion RON, and will be intended for refinancing the public debt and financing the budget deficit.

AGERPRES