The Ministry of Finance (MF) on Thursday drew 500 million RON from banks through a benchmark government bond issue with a residual maturity of 67 months, at an average yield of 7.22% 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 563.1 million 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, in December 2024, loans from commercial banks in the amount of 5 billion RON, 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 5.6 billion RON is 895 million RON less than the 6.495 billion RON scheduled in November 2024 and will be used to refinance public debt and finance the state budget deficit.
AGERPRES
