The Finance Ministry (MF) on Friday drew 90 million lei from banks, in addition to Thursday’s auction, when it borrowed over 1.871 billion lei through a benchmark government bond issue with a residual maturity of 18 months, at an average yield of 6.02% per annum.

The nominal amount of the additional issue was 90 million lei, and banks submitted bids amounting to 300 million lei.

The Finance Ministry (MF) planned to borrow 6 billion lei from commercial banks in July 2024, to which an amount of 585 million lei can be added through additional non-competitive bidding sessions related to the bond auctions.

The total amount of 6.585 billion lei is 365 million lei less than the 6.95 billion lei programmed in June 2024 and will be used to refinance public debt and finance the state budget deficit.

AGERPRES