The Ministry of Finance borrowed, on Monday, 863 million RON from commercial banks, through two issues of state bonds, according to data published by the National Bank of Romania (BNR).

Thus, the MF attracted 402.9 million RON from the first issue of benchmark state bonds, with a residual maturity of 113 months, at an average yield of 6.82% per year. The nominal value of the issue was 500 million RON, and the banks subscribed 457.9 million 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 in this auction.

Also, on Monday, the Ministry of Finance attracted another 460.1 million RON through the second issue of benchmark state bonds, with a residual maturity of 59 months, at an average yield of 6.62% per year . The value of the issue was also 500 million RON, and the banks subscribed 490.1 million RON. Through the additional auction organized on Tuesday, the state wants to attract another 75 million RON at the established yield.

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 state budget deficit.

AGERPRES