The Ministry of Finance (MF) on Friday borrowed RON 75 million off banks in addition to Thursday's RON 985 million raised in an issue of benchmark bonds of a residual maturity of 12 months and an average yield of 7.08% per annum, according to data published by the National Bank of Romania (BNR), informs Agerpres.
The nominal value of the additional issue was RON 75 million, and the banks offered RON 120 million.
On the other hand, the banks did not participate in the auction for RON 75 million in addition to Thursday's auction, when it borrowed RON 303.5 million for a 51-month bond issue, at an average yield of 7.39%.
MF has planned for January 2025 to borrow RON 5.7 billion off commercial banks, to which RON 570 million can be added in additional sessions of non-competitive offers related to bond auctions.
The total amount of RON 5.77 billion is RON 170 million higher than the one scheduled for December 2024 of RON 5.6 billion, and it is intended for public debt refunding and government deficit financing.