The Ministry of Finance borrowed, on Thursday, 4.038 billion RON from commercial banks, through an issue of state bonds and one of discount certificates, according to the data published by the National Bank of Romania (BNR).

The Ministry borrowed 645 million RON through a bond issue with a residual maturity of 59 months and an average yield of 6.55% per year. The nominal value of the issue was 500 million RON, and the banks subscribed over 751 million RON.

An additional auction is scheduled for Friday, through which the state wants to attract another 75 million RON at the yield set on Monday for the bonds.

Also, the MoF borrowed 3.393 billion RON through an issue of discount treasury certificates with a maturity of 6 months, at an average yield of 6.03% per year. The nominal value of the issue was 300 million RON, and the banks subscribed over 3.65 billion RON.

The Ministry of Finance has planned, in May 2024, loans from commercial banks in the amount of 5.2 billion RON, to which the sum 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 state budget deficit.

AGERPRES