The Public Finance Ministry (MFP) is seeking to raise this October RON 5.7 bln from commercial banks; another RON 705 million might add to this amount through additional non-competitive bids related to bond auctions.

The loan total of RON 6.405 bn planned for October is by RON 730 million higher than the amount scheduled for September and will be used to refinance the public debt and the state budget deficit.

According to the issue prospectus published in the Official Journal, on October 10 the MFP will hold an auction for discount treasury bills worth RON 700 million, due on September 29, 2025; on October 24 there is an auction scheduled for an issue worth RON 300 million, due on June 25, 2025.

Also, nine benchmark bond issues worth a combined RON 4.7 billion will be launched throughout October, followed the next day by an additional session of non-competitive bids for 15 percent of the initial value of the issue (RON 705 ml in total).

Thus, auctions for RON 700 million each are scheduled for October 3 and October 14; auctions for RON 500 ml each will be held on October 3, 7, 10, 21 and 31; and for RON 400 ml each on October 17 and 28.

AGERPRES