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On Tuesday, the Ministry of Finance drew 45 million lei from banks, in addition to Monday's auction, when it borrowed 662.7 million lei for an interest rate of 3.63% per annum, in a benchmark government bond issue of a residual maturity of 90 months, according to data published by the National Bank of Romania (BNR).
The nominal value of the additional issue was 45 million lei, and the banks submitted bids worth 115 million lei.
The Finance Ministry has planned to borrow 3.7 billion lei from commercial banks of which 1.3 billion lei by two issues of discounted treasury certificates and 2.4 billion lei by seven government bond issues, both in August 2021.
An additional 360 million could be added from additional sessions of non-competitive bids related to bond auctions.
The total amount of 4.06 billion lei is 1.205 billion lei below that scheduled for July 2021 (5.265 billion lei) and will be used to refinance public debt and finance the government deficit
