AcasăEurope NewsOver 1 billion RON borrowed by the Ministry of Finance from commercial...

Over 1 billion RON borrowed by the Ministry of Finance from commercial banks, on Thursday

Published on

The Ministry of Finance borrowed, on Thursday, 1.070 billion RON from commercial banks, through an issue of benchmark state bonds, with a residual maturity of 31 months and an average yield of 6.13% per year, according to data published by the National Bank of Romania (BNR).

The nominal value of the issue was 500 million RON, and the banks subscribed over 1.7 billion 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 planned, in March 2024, loans from commercial banks in the amount of 5.8 billion RON, to which the amount of 720 million RON can be added through additional sessions of non-competitive offers, related to bond auctions.

The total amount, of 6.52 billion RO, is 315 million RON higher than the one that was scheduled in February 2024, of 6.205 billion RON, and will be intended for refinancing the public debt and financing the state budget deficit.

AGERPRES

Latest articles

Euro trades at 4.9765 RON

The exchange rate of the national leu currency resulting from the quotations announced on...

Antibiotice Iasi reports net profit of 87.9 million RON, up 15 pct, in first nine months

Romanian drug manufacturer Antibiotice Iasi recorded a net profit of 87.9 million RON in...

Fondul Proprietatea, profit of 209.6 million RON in the first nine months

Fondul Proprietatea ended the first nine months of this year with a net profit...

Bucharest Stock Exchange opens Friday’s session in the red on most indices

The Bucharest Stock Exchange (BVB) opened with declines on most indices on Friday, and...

More like this

Euro trades at 4.9765 RON

The exchange rate of the national leu currency resulting from the quotations announced on...

Antibiotice Iasi reports net profit of 87.9 million RON, up 15 pct, in first nine months

Romanian drug manufacturer Antibiotice Iasi recorded a net profit of 87.9 million RON in...

Fondul Proprietatea, profit of 209.6 million RON in the first nine months

Fondul Proprietatea ended the first nine months of this year with a net profit...