The Finance Ministry (MF) borrowed 335.4 million lei from banks on Monday, through a benchmark government bond issue with a residual maturity of 163 months, at an average yield of 6.80% per annum, according to data published by the National Bank of Romania (BNR).

The nominal value of Monday’s issue was 300 million lei and banks subscribed 410.3 million lei.

An additional auction is scheduled for Tuesday, through which the state wants to attract another 45 million lei at the yield set on Monday for the bonds.

The Finance Ministry has planned, in July 2024, loans from commercial banks in the amount of 6 billion lei, to which an amount of 585 million lei can be added through additional sessions of non-competitive bids, 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