The Ministry of Finance (MF) rejected, on Monday, all the bids received by banks in the auction for a 30-month government bond issue, through which it intended to raise 700 million RON, considering them at an unacceptable level of the offered price, inform agerpres.ro.
Banks participating in the auction submitted bids totaling 287.1 million RON.
The Ministry of Finance (MF) has planned to borrow from commercial banks in the amount of 5.7 billion RON in November 2024, to which an amount of 795 million RON can be added through additional non-competitive bidding sessions related to the bond auctions.
The total amount of 6.495 billion RON is 95 million RON more than the 6.405 billion RON programmed in October 2024 and will be used to refinance public debt and finance the state budget deficit.