The Ministry of Finance (MF) on Monday borrowed RON 1.390 billion in one issue of governemnt bonds and an issue of discounted treasury certificates, according to data published by the National Bank of Romania (BNR).

Thus, MF borrowed RON 590.1 million in an issue of government bonds of a residual maturity of 51 months, at an average yield of 7.54% per annum. The nominal value of the issue was RON 500 million, and the banks offered RON 1.075 billion.

An additional auction is scheduled for Tuesday to raise another RON 75 million at the yield set on Monday for bonds.

Also, the ministry borrowed RON 800 million in discounted treasury certificates of a residual maturity of 7 months, at an average yield of 6.47% per annum. The value of the issue was RON 800 million, and the banks offered RON 994.5 million.

MF has planned for February 2025 to borrow RON 7.2 billion off commercial banks, to which RON 840 million can be added in additional sessions of non-competitive offers related to bond auctions.

The total amount of RON 8.04 billion is RON 2.27 billion higher than the one scheduled for January 2024 of RON 5.77 billion, and it is intended for public debt refunding and government deficit financing.

AGERPRES