The Ministry of Finance (MF) on Thursday borrowed 1.09 billion RONoff banks in an issue of benchmark bonds of a residual maturity of 120 months, at an average yield of 6.54% per annum, according to data published by the National Bank of Romania (BNR).

The nominal value of Thursday’s issue was 500 million RON and banks subscribed 1.335 billion RON.

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

The Ministry of Finance (MF) has planned loans from commercial banks in the amount of 5.1 billion RON in August 2024, to which an amount of 600 million RON can be added through additional sessions of non-competitive bids, related to the bond auctions.

The total amount of 5.7 billion RON is by 885 million RON less than the 6.585 billion RON scheduled in July 2024 and will be used to refinance public debt and finance the state budget deficit.

AGERPRES