The Ministry of Finance (MF) borrowed, on Monday, 1.334 billion RON from the banks, through an issue of benchmark state bonds, with a residual maturity of 42 months and an average yield of 6.57% per year, according to data published by the National Bank of Romania (BNR).
The nominal value of Monday's issue was 500 million RON, and the banks subscribed 1.649 billion RON.
An additional auction is scheduled for Tuesday, through which the state wants to attract another 75 million RON at the yield set on Monday for the bonds.
The Ministry of Finance (MF) has planned, in December 2023, loans from commercial banks in the amount of 4 billion RON, to which the amount of 525 million RON can be added through additional sessions of non-competitive offers, related to bond auctions
The total amount, of 4.525 billion RON, is 1.15 billion RON less than the one that was scheduled in October, of 5.675 billion RON, and will be intended for refinancing public debt and financing the budget deficit.