The Ministry of Finance (MF) on Friday borrowed RON 75 million off banks in addition to Thursday’s RON 1.215 billion raised in an issue of benchmark bonds of a residual maturity of 175 months and an average yield of 6.64% per annum, according to data published by the National Bank of Romania (BNR), write Agerpres.

The nominal value of the additional issue was RON 75 million, and the banks offered RON 170 million.

MF has planned for July 2023 to borrow RON 4 billion off commercial banks, to which RON 600 million lei can be added in additional sessions of non-competitive offers related to bond auctions.

The total amount of RON 4.6 billion is RON 1.88 billion lower than the one scheduled for June, of RON 6.48 billion, and it is intended for public debt refunding and government deficit financing.