The Ministry of Finance (MF) on Monday borrowed RON 910 million off banks in two issues of government bonds, according to data published by the National Bank of Romania (BNR).

It borrowed RON 366 million in a bond issue of a residual maturity of 24 months and an average yield of 7.14% per annum.

The nominal value of the issue was RON 500 million, and banks offered RON 426 million.

An additional auction is scheduled for Tuesday for another RON 75 million lei at the yield set on Monday for bonds.

Also, MF borrowed RON 544 million in a bond issue of a maturity of 120 months, at an average yield of 7.42% per annum.

The nominal value of the issue was RON 500 million, and the banks offered RON 833 million.

An additional auction is scheduled for Tuesday for another RON 75 million lei at the yield set on Monday for bonds.

MF has planned for April 2025 to borrow RON 6.9 billion off commercial banks, to which RON 795 million can be added in additional sessions of non-competitive offers related to bond auctions.

The total amount of RON 7.695 billion is RON 545 million lower than the one scheduled for March 2025 of RON 8.24 billion, and it is intended for public debt refunding and government deficit financing.

AGERPRES