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Finance Ministry draws RON 75 million from banks in addition to Monday's tender
The Ministry of Finance attracted on Tuesday RON 75 million from banks, in addition to Monday's tender, when it borrowed RON 500 million through a benchmark government bond issue with a residual maturity of 109 months and an average yield of 6.80% per annum, told Agerpres.
The nominal value of the additional issue was RON 75 million and banks submitted offers of RON 85 million.
The Ministry of Finance (MF) 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.
