Gov't borrows over RON 807 million on Monday off banks
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The Ministry of Finance (MF) on Monday borrowed RON 807 million off banks in an issue of benchmark bonds of a residual maturity of 85 months and an average yield of 6.58% per annum, according to data published by the National Bank of Romania (BNR).
The nominal value of Monday's issue was RON 600 million, and the banks offered RON 1.041 billion.
An additional auction is scheduled for Tuesday to borrow another RON 90 million at the yield set on Monday for the bonds.
MF has planned for March 2024 to borrow RON 5.8 billion off commercial banks, to which RON 720 million can be added…
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