The Ministry of Finance drew 90 million RON from banks on Tuesday, in addition to Monday’s auction, when it borrowed 600 million RON, at an interest rate of 7.34 percent per annum,through a benchmark government bond issue with a residual maturity of 114 months, write Agerpres.

The nominal value of the additional issue was 90 million RON, and the banks submitted bids worth 225 million RON.

The Ministry of Finance (MF) has planned loans from commercial banks of 6.7 billion RON in April 2023, to which 930 million RON could be added through additional sessions of non-competitive bids related to bond auctions.

The total amount of 7.63 billion RON is 1.71 billion RON higher than the 5.92 billion RON scheduled for March and will be used to refinance public debt and finance the state budget deficit.