The Ministry of Finance (MF) borrowed, on Thursday, 500 million RON from banks, through a benchmark government bond issue, with a residual maturity of 119 months, at an average yield of 6.78% per annum, according to data published by the National Bank of Romania (BNR).
The nominal value of Thursday’s issue was 500 million RON and banks subscribed 560.1 million RON.
An additional auction is scheduled for Friday, through which the state wants to attract another 75 million RON at the yield set on Thursday for the bonds.
The Ministry of Finance (MF) has planned loans from commercial banks amounting to 5 billion RON in September 2024, to which an amount of 675 million RON can be added through additional non-competitive bidding sessions related to bond auctions.
The total amount of 5.675 billion RON is 25 million RON less than the 5.7 billion RON programmed in August 2024 and will be used to refinance public debt and finance the state budget deficit.
AGERPRES
