The Public Finance Ministry raised on Thursday RON 1.978 billion from banks through two government bond issues, the National Bank of Romania announced.
Thus, the Ministry borrowed RON 1.491 million through a bond issue with a residual maturity of 18 months, at an average yield of 6.97 ppa, The face value of the issue was RON 500 million, and banks submitted bids worth RON 2.37 million. An additional bidding session is scheduled for Friday, through which the state wants to raise another RON 75 million at the yield set on Thursday for the bonds.
Another RON 487.6 million were drawn through a bond issue with a residual maturity of 92 months, at an average yield of 7.45 ppa. The face value of the issue was RON 300 million, and the participating banks subscribed RON 1.219 million. An additional bidding session is scheduled for Friday, through which the state wants to raise another RON 45 million at the yield set on Thursday for the bonds.
The Finance Ministry was planning to borrow this January from commercial banks RON 5.2 billion, to which RON 570 million could be added through additional sessions of non-competitive bids related to bond auctions.
The total amount of RON 5.77 billion exceeds by 170 million the RON 5.6 billion planned for December 2024 and will be used to refinance the public debt and the state budget deficit. AGERPRES