The Ministry of Finance on Friday attracted 10 million RON from banks, in addition to Thursday’s auction, when it borrowed 500 million RON through a benchmark government bond issue with a residual maturity of 68 months, at an average yield of 6.87% per annum.

The nominal value of the additional issue amounted to 75 million RON and banks submitted bids amounting to 10 million RON.

The Ministry of Finance (MoF) planned to borrow 5.7 billion RON from commercial banks in November 2024, to which 795 million RON can be added through additional non-competitive bidding sessions related to bond auctions.

The total amount of 6.495 billion RON is 95 million lei more than the 6.405 billion RON scheduled in October 2024 and will be used to refinance public debt and finance the state budget deficit.

AGERPRES