AcasăEurope NewsMinistry of Finance borrows RON 800 million off banks on Thursday

Ministry of Finance borrows RON 800 million off banks on Thursday

Published on

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

Thus, MF attracted RON 400 million from the first issue of government bonds, with a residual maturity of 66 months, at an average yield of 7.75% per annum. The nominal value of the issue was RON 400 million and banks subscribed RON 716.2 million. An additional auction is scheduled for Friday, through which the state wants to attract another RON 60 million at the yield set on Thursday for the bonds.

The ministry has also attracted another RON 400 million from the second issue of government bonds, with a residual maturity of 114 months, at an average yield of 7.98% per annum. The issue amounted to RON 400 million, and banks subscribed RON 529.6 million. The state wants to attract another RON 60 million through an additional auction scheduled for Friday, at the yield set on Thursday for the bonds.

The Ministry of Finance has planned loans from commercial banks amounting to RON 5.2 billion in January 2025, to which RON 570 million can be added through additional non-competitive bidding sessions related to bond auctions.

The total amount of RON 5.77 billion is RON 170 million more than the RON 5.6 billion programmed in December 2024, and will be used to refinance public debt and finance the state budget deficit.

AGERPRES

Latest articles

DefMin meets Rheinmetall company representatives

National Defence Minister Angel Tilvar, while at the Munich Security Conference, had a meeting...

Presidential elections2025/ Pre-election period period begins, Central Electoral Bureau to be established

The pre-election period for the presidential elections in Romania begins this week when the...

Code Yellow for freezing cold Monday through Wednesday in 18 counties; snowfall warning in 10 counties, Bucharest

The National Weather Administration (ANM) issued new Code Yellow weather alerts for cold weather...

Complaint filed against MEP Diana Sososaca for promoting personality cult of dictator Nicolae Ceausescu

The Institute for Investigation of Communist Crimes and Memory of the Romanian Exile (IICCMER)...

More like this

DefMin meets Rheinmetall company representatives

National Defence Minister Angel Tilvar, while at the Munich Security Conference, had a meeting...

Presidential elections2025/ Pre-election period period begins, Central Electoral Bureau to be established

The pre-election period for the presidential elections in Romania begins this week when the...

Code Yellow for freezing cold Monday through Wednesday in 18 counties; snowfall warning in 10 counties, Bucharest

The National Weather Administration (ANM) issued new Code Yellow weather alerts for cold weather...