The Ministry of Finance (MF) borrowed, on Monday, 500 million RON from the commercial banks, through an issue of benchmark state bonds, with a residual maturity of 43 months, at an average yield of 6.34% per year, according to data published by the National Bank of Romania (BNR).

The nominal value of Monday’s issue was 500 million RON, and the banks subscribed over 1.233 billion 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 October 2024, loans from commercial banks in the amount of 5.7 billion RON, to which the amount of 705 million RON can be added through additional sessions of non-competitive offers, related to bond auctions.

The total amount, of 6.405 billion RON, is 730 million RON higher than the one that was scheduled in September 2024, of 5.675 billion RON, and will be intended for refinancing the public debt and financing the state budget deficit.

AGERPRES