The Ministry of Finance (MF) on Thursday borrowed RON 1.87 billion off banks in an issue of benchmark bonds of a residual maturity of 18 months and an average yield of 6.02% per annum, according to data published by the National Bank of Romania (BNR).
The nominal value of Thursday's issue was RON 600 million, and the banks offered RON 2 billion.
An additional auction is scheduled for Friday to borrow another RON 90 million at the yield set on Thursday for the bonds.
MF has planned for July 2024 to borrow RON 6 billion off commercial banks, to which RON 585 million can be added in additional sessions of non-competitive offers related to bond auctions.
The total amount of RON 6.585 billion is RON 365 million lower than the one scheduled for June 2024 of RON 6.95 billion, and it is intended for public debt refunding and government deficit financing.
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