The Ministry of Finance (MF) on Monday borrowed RON 45 million off banks in addition to Monday’s RON 673.7 million raised in an issue of benchmark bonds of a residual maturity of 62 months and an average yield of 6.68% per annum, according to data published by the National Bank of Romania (BNR), write Agerpres.

The nominal value of the additional issue was RON 45 million, and the banks offered RON 45 million. MP has planned for August 2023 to borrow RON 4.6 billion off commercial banks, to which RON 645 million lei can be added in additional sessions of non-competitive offers related to bond auctions.

The total amount of RON 5.245 billion is RON 645 million higher than the one scheduled for July, of RON 4.6 billion, and it is intended for public debt refunding and government deficit financing.