AcasăEurope NewsGov't borrows almost RON 270 million on Monday off banks

Gov’t borrows almost RON 270 million on Monday off banks

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The Ministry of Finance (MF) on Monday borrowed RON 270 million off banks in an issue of benchmark bonds of a residual maturity of 165 months and an average yield of 6.90% per annum, according to data published by the National Bank of Romania (BNR).

The nominal value of Monday’s issue was RON 200 million, and the banks offered RON 494 million.

An additional auction is scheduled for Tuesday to borrow another RON 30 million at the yield set on Monday for the bonds.

MF has planned for May 2024 to borrow RON 5.2 billion off commercial banks, to which RON 690 million can be added in additional sessions of non-competitive offers related to bond auctions.

The total amount of RON 5.86 billion is RON 890 million lower than the one scheduled for April 2024 of RON 6.78 billion, and it is intended for public debt refunding and government deficit financing.

AGERPRES

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