AcasăEurope NewsFinance Ministry raises RON 346.7 ml from banks

Finance Ministry raises RON 346.7 ml from banks

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The Public Finance Ministry raised on Thursday RON 346.7 million from banks through an issue of discount T-bills with a residual maturity of 8 months, at an average yield of 5.89 ppa, the National Bank of Romania announced.

The face value of the issue was RON 300 million, and banks submitted bids worth RON 466.4 million.

The Public Finance Ministry intends to borrow this October RON 5.7 billion from banks, to which another RON 705 million could add, through additional non-competitive bids related to bond auctions.

The total amount of RON 6.405 billion exceeds by 730 million the RON 5.675 billion planned for September and will be used to refinance the public debt and the state budget deficit.

AGERPRES

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