The Ministry of Finance (MF) on Friday borrowed RON 75 million of banks in addition to RON 656 million in an issue of benchmark bonds of a residual maturity of 109 months and an average yield of 6.87% per annum, according to data published by the National Bank of Romania (BNR), write Agerpres.

The nominal value of the additional issue was RON 75 million, and the banks offered RON 118.8 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.