On Thursday, the Ministry of Finance (MF) borrowed over 2.08 billion RON from commercial banks, through two issues of state bonds, according to data published by the National Bank of Romania (BNR).
The ministry borrowed 937.6 million RON through a bond issue with a residual maturity of 34 months and an average yield of 6.18% per year. The nominal value of the issue was 500 million RON, and the banks subscribed over 1.192 billion RON.
An additional auction is scheduled for Friday, through which the state wants to attract another 75 million RON at the yield set on Thursday for the bonds.
Also, the MF borrowed over 1.149 billion RON through a bond issue with a maturity of 111 months, at an average yield of 6.71% per year. The nominal value of the issue was 500 million RON, and the banks subscribed 1.460 billion RON.
An additional auction is scheduled for Friday, through which the state wants to attract another 75 million RON at the yield set on Thursday.
The Ministry of Finance has planned, in August 2024, loans from commercial banks in the amount of 5.1 billion RON, to which the sum of 600 million RON can be added through additional sessions of non-competitive offers, related to bond auctions.
The total amount, of 5.7 billion RON, is 885 million RON less than the one that was scheduled in July 2024, of 6.585 billion RON, and will be intended for refinancing the public debt and financing the state budget deficit.
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