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The Ministry of Finance borrowed, on Monday, 290.5 million RON (rd 60 million euros) from the commercial banks, through an issue of benchmark state bonds, with a residual maturity of 164 months, at an average yield of 8.38% per year, according to data published by the National Bank of Romania.
The nominal value of Monday's issue was 300 million RON, and the banks subscribed 404.1 million RON.
An additional auction is scheduled for Tuesday, through which the state wants to attract another 45 million RON at the yield set on Monday for the bonds.
The Ministry of Finance has planned, in September 2022, loans from commercial banks in the amount of 4.1 billion RON, to which the amount of 525 million RON can be added through additional sessions of non-competitive offers, related to bond auctions, told Agerpres.
The total amount, of 4.625 billion RON, is 960 billion RON below that which was scheduled in August, of 5.585 billion RON, and will be intended for refinancing the public debt and financing the state budget deficit.
