The Ministry of Finance (MF) on Thursday borrowed RON 1.919 lei from banks through two issues of government benchmark bonds, according to data published by the National Bank of Romania (BNR).
It borrowed RON 600 million in an issue of government bonds of a residual maturity of 113 months, at an average yield of 7.63% per annum. The nominal value of the issue was RON 600 million, and banks offered RON 681.6 million.
An additional auction is scheduled for Friday for another RON 90 million at the same yield as that set on Thursday for bonds.
MF also borrowed RON 1.319 billion through an issue of government bonds of a residual maturity of 38 months, at an average yield of 7.27% per annum. The nominal value of the issue was RON 700 million, and the banks offered RON 1.731 billion.
An additional auction is scheduled for Friday for another RON 105 million at the same yield as that set on Thursday for bonds.
MF has planned for March 2025 to borrow RON 7.4 billion off commercial banks, to which RON 840 million can be added in additional sessions of non-competitive offers related to bond auctions.
The total amount of RON 8.24 billion is RON 200 million higher than the one scheduled for February 2025 of RON 8.04 billion, and it is intended for public debt refunding and government deficit financing.
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