The Ministry of Finance (MF) on Monday borrowed RON 419.3 million off commercial banks in an issue of benchmark bonds of a residual maturity of 160 months and an average yield of 6.91% per annum, according to data published by the National Bank of Romania (BNR).

The nominal value of Monday’s issue was RON 400 million, and the banks offered RON 618.4 million.

An additional auction is scheduled for Tuesday to borrow another RON 60 million at the yield set on Monday for the bonds.

MF has planned for October 2024 to borrow RON 5.7 billion off commercial banks, to which RON 705 million can be added in additional sessions of non-competitive offers related to bond auctions.

The total amount of RON 6.405 billion is RON 730 million higher than the one scheduled for September 2024 of RON 5.675 billion, and it is intended for public debt refunding and government deficit financing.

AGERPRES