The Ministry of Finance (MF) has scheduled loans of RON 5.8 billion from commercial banks in August 2025, with an additional RON 810 million potentially raised through supplementary non-competitive tender sessions associated with bond auctions.
The total amount of RON 6.61 billion is RON 15 million less than the amount scheduled for July (RON 6.595 billion), and will be used to refinance and make early repayments on public debt, as well as to finance the state budget deficit.
According to the issuance prospectus published in the Official Gazette, a treasury discount certificate auction will be held on August 14, for an amount of RON 400 million, maturing on July 29, 2026.
Additionally, throughout August, the Ministry will organize auctions for 12 benchmark bond issues, totaling RON 5.4 billion, followed the next day by non-competitive offer sessions amounting to 15% of the value of each bond issue (a combined total of RON 810 million).
Auctions have been scheduled for a RON 200 million bond auction on August 7; three RON 400 million auctions, on August 4, 18, and 25; eight RON 500 million auctions, on August 4, 7, 11 (two auctions), 18, 21 (two auctions), and 28.
In addition, to support the financing of the state budget deficit and the refinancing and early repayment of public debt, the Ministry will hold an EUR-denominated bond auction on August 6, totaling EUR 200 million, with an initial maturity of two years.
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