The Finance Ministry is planning to raise this February 5 billion RON from commercial banks, to which another 675 million RON may add through additional non-competitive bidding sessions related to bond auctions, according to Agerpres.

The total of 5.675 billion RON is by 330 million RON higher than the 5.345 billion RON scheduled for January, and will be used to refinance public debt and finance the state budget deficit.

According to the prospectus published in the Official Journal, the Finance Ministry has an auction scheduled for February 16 for a discount T-bill issue worth 500 million RON and maturing on January 29, 2024.

Ten benchmark bond issues worth a total of 4.5 billion RON will also be launched this February, followed the next day by an additional non-competitive bidding session for 15 percent of the initial value of the bonds (675 million RON in total).

Thus, eight issues of 500 million RON each are scheduled for February 2, 6, 9, 13, 16, 23 (two of them) and 27, one issue of 300 million RON is planned for February 9, and another one of 200 million RON on February 20.

Agerpres