The Finance Ministry (MF) borrowed on Thursday 651 million lei through a government bond issue with a residual maturity of 20 months at an average yield of 6.14% per year.

The nominal value of the issue was 400 million lei and banks subscribed 830 million lei.

An additional auction is scheduled for Friday, where the state wants to attract another 60 million lei at the yield set Thursday for the bonds.

The Finance Ministry (MF) has planned to borrow 5.2 billion lei from commercial banks in May 2024, to which 690 million lei can be added through additional non-competitive bidding sessions related to bond auctions.

The total amount of 5.89 billion lei is 890 million lei less than the 6.78 billion lei scheduled in April 2024 and will be used to refinance public debt and finance the state budget deficit.

AGERPRES