The Ministry of Finance borrowed, on Friday, 75 million RON from commercial banks, in addition to Thursday’s auction, when it borrowed 480 million RON through an issue of benchmark state bonds with a residual maturity of 83 months, at an average yield of 6.75% per year.

The nominal value of the additional issue was 75 million RON, and the banks submitted offers worth 100 million RON.

The Ministry of Finance has planned, in June 2024, loans from commercial banks in the amount of 6.2 billion RON, to which the amount of 750 million RON can be added through additional sessions of non-competitive offers, related to bond auctions.

The total amount, of 6.95 billion RON, is 1.06 billion RON higher than the one that was programmed in May 2024, of 5.89 billion RON, and will be intended for refinancing the public debt and financing the deficit the state budget.

AGERPRES