On Tuesday, the Ministry of Finance borrowed 75 million RON from the commercial banks, in addition to Monday’s auction, when it borrowed 1.120 billion RON through a benchmark state bond issue with a 45-month residual maturity at an average return of 6.26% per year.

The nominal value of the additional issue was 75 million RON, and the banks submitted offers worth 115 million RON.

The Ministry of Finance has planned, in August 2024, loans from commercial banks in the amount of 5.1 billion RON, to which the sum 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