AcasăEurope NewsMinistry of Finance borrowed 75 million RON from commercial banks, on Tuesday

Ministry of Finance borrowed 75 million RON from commercial banks, on Tuesday

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The Ministry of Finance borrowed, on Tuesday, 75 million RON from the commercial banks, in addition to an auction on Monday, when it borrowed 962.4 million RON through an issue of benchmark state bonds with a residual maturity of 38 months, at an average yield of 6.20% per year.

The nominal value of the additional issue was 75 million RON, and the banks submitted offers worth 225 million RON.

The Ministry of Finance planned, in March 2024, loans from commercial banks in the amount of 5.8 billion RON, to which the amount of 720 million RON can be added through additional sessions of non-competitive offers, related to bond auctions.

The total amount, of 6.52 billion RON, is 315 million RON higher than the one that was scheduled in February 2024, of 6.205 billion RON, and will be intended for refinancing the public debt and financing the state budget deficit.AGERPRES

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