The Finance Ministry (MF) borrowed 1.929 billion lei from banks on Monday, through two issues of government bonds, according to data published by the National Bank of Romania (BNR).

The ministry borrowed 885 million lei through a bond issue with a residual maturity of 14 months and an average yield of 6.68% per year. The nominal value of the issue was 400 million lei, and banks subscribed 1.150 billion lei.

A supplementary auction is scheduled for Tuesday, through which the state intends to attract an additional 60 million lei at the yield set on Monday for the bonds.

Additionally, the MF borrowed 1.044 billion lei through a bond issue with a maturity of 30 months, at an average yield of 6.87% per year. The nominal value of the issue was 400 million lei, and banks subscribed 1.66 billion lei.

A supplementary auction is scheduled for Tuesday, through which the state intends to attract an additional 60 million lei at the yield set on Monday for the bonds.

The Finance Ministry (MF) planned to borrow 5 billion lei from commercial banks in December 2024, with an additional 600 million lei potentially being added through supplementary sessions of non-competitive offers related to bond auctions.

The total sum of 5.6 billion lei is 895 million lei lower than the amount scheduled for November 2024, which was 6.495 billion lei, and will be used for refinancing public debt and financing the state budget deficit.

AGERPRES