The Ministry of Finance (MF) borrowed RON 846.5 million from banks on Monday, through a benchmark government bond issue with a residual maturity of 23 months, at an average yield of 7.23% per annum, according to data published by the National Bank of Romania (BNR).

The nominal value of Monday’s issue was RON 500 million and banks subscribed RON 1.226 billion.

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

The Ministry of Finance has planned loans from commercial banks totalling RON 5.4 billion in May 2025, to which an amount of RON 660 million can be added through additional non-competitive bidding sessions related to bond auctions.

The total amount of RON 6.06 billion is RON 1.635 billion less than the RON 7.695 billion that was programmed in April this year, and will be used to refinance public debt and finance the state budget deficit.

AGERPRES