Ministry of Finance borrows RON 1.62 billion from banks on Monday

The Ministry of Finance (MF) borrowed RON 1.62 billion from banks on Monday through two government bond issues, according to data published by the National Bank of Romania (BNR).

The ministry raised RON 593 million through a bond issue with a residual maturity of 33 months, at an average yield of 7.32% per annum. The nominal value of the issue was RON 400 million, while banks submitted bids totaling RON 728 million.

An additional auction is scheduled for Tuesday, through which the state aims to attract another RON 60 million at the same yield established on Monday.

The ministry also borrowed RON 1.027 billion through a bond issue with a residual maturity of 117 months, with an average yield of 7.16% per annum. The nominal value of this issue was RON 300 million, and total subscriptions from banks amounted to RON 1.216 billion.

A supplementary auction is also planned for Tuesday, with the state targeting an additional RON 45 million at the same yield.

For July 2025, the Ministry of Finance has scheduled loans totaling RON 5.8 billion from commercial banks, with an additional RON 795 million potentially raised through non-competitive bidding sessions tied to bond auctions.

The total amount of RON 6.595 billion is 790 million higher than the RON 5.805 billion planned for June. The funds are intended to refinance public debt and cover the state budget deficit.