The Ministry of Finance borrowed, on Thursday, 967.7 million RON from banks, through two issues of benchmark state bonds, according to data published by the National Bank of Romania (BNR), Agerpres reports.

Thus, the MF borrowed 583.6 million RON through an issue of benchmark state bonds, with a residual maturity of 79 months, at an average yield of 8 pct per year. The nominal value of the issue was 400 million RON, and the banks subscribed 657.4 million RON.

An additional tender is scheduled for Friday, through which the state wants to draw another 60 million RON at the yield set on Thursday for the bonds.

Also, the ministry drew 384.1 million RON through a bond issue, with a residual maturity of 58 months, at an average yield of 7.88 pct per year.

The nominal value of the issue was 200 million RON, and the banks subscribed 459.1 million RON.

An additional bid is scheduled for Friday through which the state wants to borrow another 30 million RON to the bond yield set on Thursday.

The Ministry of Finance has planned, in December 2022, loans from commercial banks in the amount of 4.4 billion RON, to which the amount of 630 million RON can be added through additional sessions of non-competitive offers, related to bond auctions. The total amount, of 5.03 billion RON, is 245 million RON higher than the one that was scheduled in November, of 4.785 billion RON, and will be intended for refinancing the public debt and financing the state budget deficit.

Agerpres