The Ministry of Finance (MF) borrowed on Thursday 798 million RON from banks, through an issue of benchmark state bonds, with a residual maturity of 34 months, at a yield average of 6.19% per year, according to data published by the National Bank of Romania (BNR).
The nominal value of Thursday's issue was 400 million RON, and the banks subscribed 1.163 billion RON.
An additional tender is scheduled for Friday through which the state wants to attract another 60 million RON at the yield set on Thursday for the bonds.
The Ministry of Finance has planned, for July 2024, loans from commercial banks in the amount of 6 billion RON, to which the amount of 585 million RON can be added through additional sessions of non-competitive offers, related to bond tenders.
The total amount, of 6.585 billion RON, is 365 million RON less than the one that was scheduled in June 2024, of 6.95 billion RON, and will be intended for refinancing the public debt and financing the state budget deficit.
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