The Ministry of Finance (MF) on Monday borrowed RON 1.58 billion lei from banks through two issues, one of government bonds and one of discounted treasury certificates, according to data published by the National Bank of Romania (BNR).

It borrowed RON 780 million in an issue of government bonds of a residual maturity of 50 months, at an average yield of 7.20% per annum. The nominal value of the issue was RON 500 million, and banks offered RON 1.529 billion.

An additional auction is scheduled for Tuesday for another RON 75 million at the same yield as that set on Monday for bonds.

MF also borrowed RON 800 million through an issue of discounted treasury certificates of a residual maturity of seven months, at an average yield of 6.40% per annum. The value of the issue was RON 800 million, and the banks offered RON 1.892 billion.

MF has planned for March 2025 to borrow RON 7.4 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 8.24 billion is RON 200 million higher than the one scheduled for February 2025 of RON 8.04 billion, and it is intended for public debt refunding and government deficit financing.

AGERPRES