AcasăEurope NewsMinistry of Finance draws 400 million RON from banks on Monday

Ministry of Finance draws 400 million RON from banks on Monday

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The Ministry of Finance (MF) on Monday attracted 400 million RON from banks, through a benchmark government bond issue with a residual maturity of 123 months, at an average yield of 7.83% per annum, according to data published by the National Bank of Romania (BNR).

The nominal value of the additional issue amounted to 400 million RON and banks submitted bids amounting to 929.9 million RON.

An additional auction is scheduled for Tuesday, through which the state wants to attract another 60 million RON at the yield set on Monday for the government bonds.

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

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

AGERPRES

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