The Ministry of Finance (MF) on Monday borrowed RON 1 billion off banks in two issues of benchmark bonds, according to data published by the National Bank of Romania (BNR).

Thus, MF attracted RON 458 million from the first benchmark government bond issue, with a residual maturity of 123 months, at an average yield of 6.79% per annum. The nominal value of the issue was RON 400 million and banks subscribed RON 606.8 million.

An additional auction is scheduled for Tuesday, where the state wants to attract another RON 60 million at the yield set on Monday in this auction.

MF has also attracted another RON 626 million through the second issue of benchmark government bonds with a residual maturity of 20 months at an average yield of 6.09% per annum. The amount of the issue was RON 400 million and banks subscribed RON 765 million.

Through the additional auction that will be held on Tuesday, the state wants to attract another RON 60 million at the established yield.

The Ministry of Finance (MF) has planned to borrow RON 5.2 billion off commercial banks in May 2024, to which RON 690 million can be added through additional sessions of non-competitive offers, related to state bond tenders.

The total amount of RON 5.89 billion is RON 890 million less than the RON 6.78 billion scheduled in April 2024 and will be used to refinance public debt and finance the state budget deficit.

AGERPRES