The Ministry of Finance attracted 120 million RON from banks on Tuesday, in addition to Monday's auctions, when it borrowed 1.9 billion RON, at interest rates of 6.68% per year and 6.87% per year, respectively, through two benchmark government bond issues, inform agerpres.ro.
The nominal value of the two additional issues was 60 million RON each. Banks submitted bids worth 165 million RON and 145 million RON, respectively.
The Ministry of Finance (MoF) planned, in December 2024, loans from commercial banks worth 5 billion RON, to which an additional 600 million RON can be added through additional non-competitive bidding sessions related to bond auctions.
The total amount, 5.6 billion RON, is 895 million RON less than the one scheduled in November 2024, 6.495 billion RON, and will be intended for refinancing public debt and financing the state budget deficit.
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