The Ministry of Finance (MF) borrowed 800 million RON from commercial banks through two issues of state bonds, according to data published by the National Bank of Romania (BNR), on Thursday.

Thus, the MF attracted 400 million RON from the first issue of benchmark state bonds, with a residual maturity of 47 months, at an average yield of 6.32% per year. The nominal value of the issue was 400 million RON, and the banks subscribed 520 million RON.

An additional auction is scheduled for Friday through which the state wants to attract another 60 million RON at the yield set on Thursday in this auction.

Also, on Thursday, the MF borrowed another 400 million RON through the second issue of benchmark state bonds, with a residual maturity of 84 months, at an average yield of 6.69% per year. The value of the issue was 400 million RON, and the banks subscribed 419.5 million RON.

Through the additional auction that will be organized on Friday, the state wants to attract another 60 million RON at the established yield.

The Ministry of Finance has planned, in May 2024, loans from commercial banks in the amount of 5.2 billion RON, to which the amount of 690 million RON can be added through additional sessions of non-competitive offers, related to bond auctions.

The total amount, of 5.89 billion RON, is 890 million RON less than the one that was scheduled in April 2024, of 6.78 billion RON, and will be intended for refinancing the public debt and financing the budget deficit.

AGERPRES