The Ministry of Finance (MF) on Thursday borrowed 600 million RON from banks through a benchmark government bond issue with a residual maturity of 156 months, at an average yield of 7.44% per annum, according to data published by the National Bank of Romania (BNR).

The nominal value of Thursday’s issue was 600 million RON and banks subscribed 1.194 billion RON.

An additional auction is scheduled for Friday, through which the state wants to attract another 90 million RON at the yield set on Thursday for the bonds.

The Ministry of Finance (MF) has planned, in February 2025, loans from commercial banks in the amount of 7.2 billion RON, to which an amount of 840 million RON can be added through additional sessions of non-competitive bids, related to the bond auctions.

The total amount of 8.04 billion RON is 2.27 billion RON more than the 5.77 billion RON programmed in January this year, and will be used to refinance public debt and finance the state budget deficit.

AGERPRES