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Gov't borrows RON 550.5 million on Thursday off banks
The Ministry of Finance (MF) on Thursday borrowed RON 550.5 million off banks in an issue of benchmark bonds of a residual maturity of 38 months and an average yield of 6.44% per annum, according to data published by the National Bank of Romania (BNR), told Agerpres.
The nominal value of Thursday's issue was RON 500 million, and the banks offered RON 750.5 million.
An additional auction is scheduled for Friday to borrow another RON 75 million at the yield set on Thursday for the bonds.
MP has planned for September 2023 to borrow RON 6 billion off commercial banks, to which RON 855 million can be added in additional sessions of non-competitive offers related to bond auctions.
The total amount of RON 6.855 is RON 1.61 billion higher than the one scheduled for August, of RON 5.245 billion, and it is intended for public debt refunding and government deficit financing.
