The Finance Ministry (MF) on Friday attracted 75 million RON from banks, in addition to Thursday’s auction, when it borrowed 500 million RON through a benchmark government bond issue with a residual maturity of 119 months, at an average yield of 6.78% per annum.

The nominal value of the additional issue amounted to 75 million RON, and banks submitted bids amounting to 90 million RON.

The Finance Ministry (MF) has planned to borrow 5 billion RON from commercial banks in September 2024, to which an amount of 675 million RON can be added through additional non-competitive bidding sessions related to the bond auctions.

The total amount of 5.675 billion RON is 25 million RON less than the 5.7 billion RON programmed in August 2024 and will be used to refinance public debt and finance the state budget deficit.

AGERPRES