The Finance Ministry (MF) on Tuesday drew 75 million lei from banks, in addition to Monday’s auction, when it borrowed 990.1 million lei through a benchmark government bond issue with a residual maturity of 54 months, at an average yield of 6.54% per annum.

The nominal value of the additional issue amounted to 75 million lei and banks submitted bids amounting to 85 million lei.

The Finance Ministry has planned to borrow lei 5.7 billion lei from commercial banks in October 2024, to which 705 million lei can be added through additional non-competitive bidding sessions related to bond auctions.

The total amount of 6.405 billion lei is 730 million lei higher than the 5.675 billion lei programmed in September 2024 and will be used to refinance public debt and finance the state budget deficit.

AGERPRES