The Ministry of Finance drew on Friday RON 60 million from banks, in addition to Thursday's auction, when it borrowed RON 413.7 million, at an interest rate of 6.97% per annum, through a benchmark government bond issue with a residual maturity of 79 months.
The nominal value of the additional issue was RON 60 million and banks submitted offers worth RON 85 million.
The Ministry of Finance (MF) has planned to borrow from commercial banks in September 2023 an amount of RON 6 billion, to which an additional RON 855 million can be added through additional non-competitive bidding sessions related to bond auctions.
The total amount of RON 6.855 billion is RON 1.61 billion higher than the RON 5.245 billion programmed in August and will be used to refinance public debt and finance the state budget deficit.
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