The Ministry of Finance attracted, on Friday, 10 million RON from the banks, in addition to the auction on Thursday, when it borrowed 384.1 million RON, at an interest rate of 7.88% per year, through an issue of state bonds benchmark, with residual maturity at 58 months, according to data published by the National Bank of Romania (BNR), Agerpres reports.
The nominal value of the additional issue was 30 million RON, and the banks submitted offers worth 10 million RON.
On the other hand, the banks did not participate on Friday in the session of non-competitive offers related to Thursday’s auction, when the Ministry of Finance (MF) lent 583.6 million RON, through a benchmark state bond issue, with a residual maturity at 79 months, at an average yield of 8% per year. An additional auction was scheduled for Friday, through which the state intended to attract another 60 million RON at the yield set on Thursday for the bonds.
The Ministry of Finance (MF) has planned, in December 2022, loans from commercial banks in the amount of 4.4 billion RON, to which the amount of 630 million RON can be added through additional sessions of non-competitive offers, related to bond auctions.
The total amount, of 5.03 billion lei, is 245 million lei higher than the one that was scheduled in November, of 4.785 billion lei, and will be intended for refinancing the public debt and financing the state budget deficit.
Agerpres
