The Ministry of Finance (MF) on Monday borrowed RON 440.2 million off banks in an issue of benchmark government bonds of a residual maturity of 99 months, at an average yield of 7.48% per annum, according to data published by the National Bank of Romania (BNR).

The nominal value of the issue was RON 500 million, and banks offered over RON 480.2 million.

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

MF has planned for April 2025 to borrow RON 6.9 billion off commercial banks, to which RON 795 million can be added in additional sessions of non-competitive offers related to bond auctions.

The total amount of RON 7.695 billion is RON 545 million lower than the one scheduled for March 2025 of RON 8.24 billion, and it is intended for public debt refunding and government deficit financing.

AGERPRES