The Finance Ministry (MF) borrowed more than RON 1.420 billion from commercial banks on Thursday, through two issues of government bonds, according to data published by the National Bank of Romania (BNR).

The ministry attracted RON 906.2 million through a bond issue with a residual maturity of 16 months and an average yield of 6.02% per annum. The nominal value of the issue was RON 700 million and banks subscribed over RON 1.461 billion.

An additional auction is scheduled for Friday, through which the state wants to attract another RON 105 million at the yield set on Thursday for the bonds.

MF also borrowed RON 514 million through a bond issue with a maturity of 89 months, at an average yield of 6.63% per annum. The nominal value of the issue was RON 500 million and banks subscribed RON 869 million.

An additional auction is scheduled for Friday, through which the state wants to attract another RON 75 million at the yield set on Thursday.

AGERPRES