AcasăRomania & Moldova NewsMinistry of Finance draws almost 1 billion RON from banks

Ministry of Finance draws almost 1 billion RON from banks

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The Ministry of Finance (MF) borrowed on Thursday 982 million RON from banks through two issues of benchmark state bonds, according to data published by the National Bank of Romania (BNR), Agerpres informs.

Thus, the MF drew 317 million RON through a benchmark state bond issue, with a residual maturity of 29 months, at an average yield of 7.27% per year. The nominal value of the issue was 400 million RON, and the banks subscribed 372 million RON.

An additional tender is scheduled for Friday, through which the state wants to draw another 60 million RON at the yield set on Thursday for the bonds.

Also, the ministry drew 665 million RON through a bond issue, with a residual maturity of 158 months, at an average yield of 7.99% per year. The nominal value of the issue was 400 million RON, and the banks subscribed 1.138 billion RON.

An additional tender is scheduled for Friday, through which the state wants to attract another 60 million RON at the yield set on Thursday for the bonds.

The MF has planned for March 2023 loans from commercial banks in the amount of 5.2 billion RON, to which the sum of 720 million RON can be added through additional sessions of non-competitive offers, related to bond tenders.

The total amount, of 5.920 billion RON, is 245 million RON higher than the one that was scheduled in February, of 5.675 billion RON, and will be intended for refinancing the public debt and financing the state budget deficit.

Agerpres

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