The Ministry of Finance borrowed, on Monday, 420 million RON from the commercial banks, through an issue of benchmark state bonds, with a residual maturity of 162 months, at an average yield of 6.72% per year, according to data published by the National Bank of Romania (BNR).
(1 euro = 4.9753 RON)

The nominal value of Monday’s issue was 500 million RON, and the banks subscribed 479.2 million RON.

An additional auction is scheduled for Tuesday, through which the state wants to attract another 75 million RON at the yield set on Monday for the bonds.

The Ministry of Finance has planned, in August 2024, loans from commercial banks in the amount of 5.1 billion RON, to which the amount of 600 million RON can be added through additional sessions of non-competitive offers, related to bond auctions.

The total amount, of 5.7 billion RON, is 885 million RON less than the one that was scheduled in July 2024, of 6.585 billion RON, and will be intended for refinancing the public debt and financing the state budget deficit.

AGERPRES