The Ministry of Finance (MF) borrowed, on Thursday, 1.1 billion RON from the banks, through an issue of state bonds and one of treasury certificates with a discount, according to the data published by the National Bank of Romania (BNR).

The Ministry borrowed 700 million RON through a bond issue with a residual maturity of 53 months and an average yield of 6.79% per year. The nominal value of the issue was 700 million RON, and the banks subscribed 1.119 billion RON.

An additional auction is scheduled for Friday, through which the state wants to attract another 105 million RON at the yield set on Thursday for the bonds.

Also, the MF borrowed 400 million RON through an issue of discounted treasury bills with a maturity of 12 months, at an average yield of 5.94% per year. The nominal value of the issue was 400 million RON, and the banks subscribed 604.5 million RON.

The Ministry of Finance (MF) has planned, in November 2024, loans from commercial banks in the amount of 5.7 billion RON, to which the sum of 795 million RON can be added through additional sessions of non-competitive offers, related to bond auctions.

The total amount, of 6.495 billion RON, is 95 million RON higher than the one that was scheduled in October 2024, of 6.405 billion RON, and will be intended for refinancing the public debt and financing the state budget deficit.

AGERPRES