By The Ministry of Finance (MoF) borrowed 1.199 billion lei from banks on Thursday, through two issues of state bonds, according to data published by the National Bank of Romania (BNR).
Thus, the Ministry of Finance attracted 357.5 million RON through an issue of state bonds, with a residual maturity of 37 months, at an average yield of 7.38% per annum. The nominal value of the issue was 400 million RON, and banks subscribed 667.5 million RON. An additional auction is scheduled for Friday, through which the state wants to attract another 60 million RON at the yield established on Thursday for the bonds.
The ministry also raised 841.5 million RON through another issue of state bonds, with a residual maturity of 115 months, at an average yield of 7.29% per annum. The value of the issue was 400 million RON, and banks subscribed 2.212 billion RON. An additional auction is scheduled for Friday, through which the state wants to raise another 60 million RON at the yield established on Thursday…
