The Ministry of Finance (MoF) borrowed, on Thursday, over 1.58 billion lei from banks, through two benchmark government bond issues, according to data made public by the National Bank of Romania (BNR).
Thus, the MoF attracted 918.1 million lei through a government bond issue, with a residual maturity of 75 months, at an average yield of 7.50% per year. The nominal value of the issue was 500 million lei, and banks subscribed 1.343 billion lei. An additional tender is scheduled for Friday through which the state wants to attract another 75 million lei at the yield established on Thursday for the bonds.
The ministry also raised 662 million lei through another issue of state bonds, with a residual maturity of 15 months, at an average yield of 6.96% per annum. The issue value was 1 billion lei, and banks subscribed 797 million lei. An additional tender is scheduled for Friday through which the state wants to raise another 150 million lei at the yield established on Thursday for the bonds.
The Ministry of Finance has planned, for April 2025, loans from commercial banks worth 6.9 billion lei, to which an amount of 795 million lei can be added through additional sessions of non-competitive offers, related to the bond auctions.
The total amount, of 7.695 billion lei, is 545 million lei less than the one that was scheduled in March of this year, of 8.24 billion lei, and will be intended for refinancing public debt and financing the state budget deficit.
AGERPRES
