The Ministry of Finance (MF) borrowed, on Monday, 623.8 million RON from the banks, through an issue of benchmark state bonds, with a residual maturity of 55 months, at an average yield of 7.26% per year, write Agerpres.

The nominal value of the issue was 500 million RON, and the banks subscribed over 1.131 billion RON.

An additional auction is scheduled for Tuesday, through which the state wants to draw another 75 million RON at the yield set on Monday for the bonds.

The Ministry of Finance has planned, in 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 auctions.

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.

Source: AGERPRES