AcasăEurope NewsFinance Ministry draws 75 million RON on Tuesday, in addition to Monday's...

Finance Ministry draws 75 million RON on Tuesday, in addition to Monday’s auction

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The Ministry of Finance borrowed, on Tuesday, 75 million RON from banks, in addition to Monday’s auction, when it drew 500 billion RON, through an issue of benchmark government bonds, with a residual maturity of 46 months, at an yield rate of 6.42 ppa, according to data published by the National Bank of Romania (BNR).

The nominal value of the additional issue was 75 million RON, and the banks submitted offers worth 170 million RON.

The Ministry of Finance has planned, in June 2024, loans from commercial banks in the amount of 6.2 billion RON, to which the amount of 750 million RON can be added through additional sessions of non-competitive bids related to bond auctions.

The total amount, of 6.95 billion RON, is 1.06 billion RON higher than the one that was scheduled in May 2024, of 5.89 billion RON, and will be used to refinance public debt and finance the state budget deficit.

AGERPRES

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