The Ministry of Finance (MF) raised RON 1.934 billion from banks on Monday, through two issues, one of government bonds and one of discount T-bills, according to data published by the National Bank of Romania (BNR).

Thus, MF has attracted RON 500 million through an issue of government bonds, with a residual maturity of 40 months, at an average yield of 7.04% per annum. The nominal value of the issue was RON 500 million and banks submitted bids worth RON 671.5 billion.

An additional auction is scheduled for Tuesday, through which the state wants to attract another RON 75 million at the yield set on Monday for the bonds.

The ministry has also attracted RON 1.434 billion through an issue of discount T-bills with a residual maturity of 6 months, at an average yield of 6.40% per annum. The issue amounted to RON 500 million and banks submitted bids worth RON 2.052 billion.

The Ministry of Finance (MF) planned to borrow RON 5 billion from commercial banks in December 2024, to which RON 600 million can be added through additional non-competitive bidding sessions related to bond auctions.

The total amount of RON 5.6 billion is RON 895 million less than the RON 6.495 billion programmed in November 2024 and will be used to refinance public debt and finance the public deficit.

AGERPRES